Kisan Credit Card Scheme: Its Benefits and How to Apply for It Online
Kisan Credit Card (KCC) was introduced by the National Board of Rural and Agricultural Development (NABARD) in 1998. In 2019, this scheme has been extended to animal husbandry and fishing sectors as well.
Earlier farmers had to go through a cumbersome process to avail credit from local moneylenders and financial institutions. However, after the initiation of the scheme, the process has become much easier.
An individual enrolled under the KCC scheme can easily avail credit from financial institutions at affordable interest rates. Due to technological advances, now an individual can avail the Kisan credit card online apply, which makes it easier than physical application. They can also use the card to withdraw cash from ATMs as per their convenience.
Features and benefits of Kisan credit card
After the validity of the card is over, an individual would have developed a substantial credit score. They can use this score for premium SuperCard like applying for RBL Bank credit cards online.
These premium cards have many benefits which are absent in a Kisan credit card which can help farmers improve their agricultural ventures.
Some NBFCs provide pre-approved offers through which an individual can avail loans much faster and in a simple manner. These offers are available on numerous financial products including personal loans, business loans, home loans, etc. Check your pre-approved offer by submitting only a few essential details online.
There are a few criteria to meet to avail a Kisan credit card –
In case an individual is not covered by the scheme, then he/she can apply for an RBL SuperCard which has an array of benefits.
They can apply for Bajaj Finserv RBL Bank credit card online through the lender’s official website.
How to Kisan Credit Card apply?
To avail a Kisan Credit Card apply online, these are the steps an individual should follow –
If the application is approved, then an executive from the respective financial institution will get in touch with the prospective borrower. The individual needs to produce the necessary documents to the executive like digital signature and education documents.
By opting for the Kisan credit card apply online, a farmer can save time and avail necessary funds to aid his agricultural ventures. The government has also introduced the National Common Mobility Card, which offers easy and secure conveyance of the cultivated crops. Through these schemes, the government aims to assist the agricultural sector by benefiting each farmer who is just as integral a part of the whole sector as any other.