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I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :23/01/2021

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

CIBIL TERMS AND
CONDITIONS

To,
TransUnion CIBIL Limited
[Formerly known as Credit Information Bureau (India) Limited]
One Indiabulls building ,Unit No 1901 – 1905,
19th Floor, Tower 2A-2B, Jupiter Mill compound,
Senapati Bapat Marg, Lower Parel, Mumbai 400 013

Sub: Grant of Consent

Dear Sirs,

In connection with submission of the application for my credit information offered by CIBIL (“Consumer Credit Information”) through Paisabazaar (referred to as the “Company”) and delivery of the Consumer Credit Information to the Company, I hereby acknowledge and agree to the following:

A. The Company is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, and the Company has granted its consent for being appointed for the aforesaid purpose.

B. I grant my unconditional consent to the Company to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, as the case may be, and the Company has granted its consent for being appointed for the aforesaid purpose. I hereby represent and acknowledge that: the Terms of Understanding in relation to the use of the Consumer Credit Information has been agreed between me and the Company.

C. I hereby expressly grant unconditional consent to, and direct, TUCL to deliver and / or transfer my Consumer Credit Information to the Company on my behalf.

D. I shall not hold TUCL responsible or liable for any loss, claim, liability, or damage of any kind resulting from, arising out of, or in any way related to: (a) delivery of my Consumer Credit Information to the Company ; (b) any use, modification or disclosure by the Company of the contents, in whole or in part, of my Consumer Credit Information , whether authorized or not; (c) any breach of confidentiality or privacy in relation to delivery of my Consumer Credit Information to the Company ; (d) for any use made by the Company which is contrary to the Agreement entered into between the Company and TUCL

E. I acknowledge and accept that: (a) TUCL has not made any promises or representations to me in order to induce me to provide my Consumer Credit Information or seek any consent or authorization in this regard; and (b) the implementation of the Agreement between TUCL and the Company is solely the responsibility of the Company.

F. I agree that I may be required to record my consent / provide instructions electronically and in all such cases I understand that by clicking on the "I Accept" button below, I am providing "written instructions" to Paisabazaar authorizing Paisabazaar to obtain my Consumer Credit Information from my personal credit profile from TransUnion CIBIL LIMITED, [formerly known as Credit Information Bureau (India) Limited]]. I further authorize Paisabazaar to obtain such information solely to confirm my identity and display my Consumer Credit Information to me. Further in all such cases “By checking this box and clicking on the ‘Authorize button, I agree to the terms and conditions, acknowledge receipt of TUCL privacy policy and agree to its terms, and confirm my authorization for Paisabazaar to obtain my Consumer Credit Information.

G. I understand that in order to deliver the product to me, I hereby authorize Paisabazaar, to obtain my Consumer Credit Information from TUCL.

H. By submitting this registration form, I understand that I am providing an express adhoc one-time written instructions for Paisabazaar to request and receive information about me from third parties, including but not limited to a copy of my consumer credit report and score from consumer reporting agencies, at any time for so long as I have an active Paisabazaar account. I further authorize Paisabazaar to retain a copy of my information for use in accordance with the terms of use of this service, Paisabazaar’s Terms of Use and Privacy Policy.

I. I UNDERSTAND THAT THE PRODUCT IS PROVIDED ON AN “AS-IS”, “AS AVAILABLE” BASIS AND TUCL EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

J. I shall not sue or otherwise make or present any demand or claim, and I irrevocably, unconditionally and entirely release, waive and forever discharge TUCL , its officers, directors, employees, agents, licensees, affiliates, successors and assigns, jointly and individually (hereinafter “Releasee”), from any and all manner of liabilities, claims, demands, losses, claims, suits, costs and expenses (including court costs and reasonable attorney fees) (“Losses”), whatsoever, in law or equity, whether known or unknown, which I ever had, now have, or in the future may have against the Releasee with respect to the submission of my Consumer Credit Information and / or my decision to provide TUCL L with the authority to deliver my Consumer Credit Information to the Company . I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against TUCL L by third parties arising from and in connection with this letter.

K. I agree that the terms of this confirmation letter shall be governed by the laws of India and shall be subject to the exclusive jurisdiction of the courts located in Mumbai in regard to any dispute arising hereof. TUCL is entitled to assign its rights hereunder to any third person without taking my prior written consent.

Yours faithfully,
Name :

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :23/01/2021

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

EQUIFAX TERMS AND
CONDITIONS

I Mr./Ms. -------------------- ---------------------residing at ------------------------ ---------------------------------------- do hereby authorise Paisabazaar Team ,to do all acts on my behalf as may be necessary including to execute/sign application(s), make payment of applicable fees* and generally to all other acts as may be necessary to receive, on my behalf and at my request, my Credit Information Report (CIR) from Equifax Credit Information Services Private Limited("Equifax") at the following address/email id:

I hereby confirm that all the powers hereby conferred may be exercised by officer(s) or manager(s) / agent(s) / employees of the Paisabazaar who is duly authorized by the Paisabazaar.

I hereby confirm, agree, undertake and accept that I shall at all times be solely responsible for all the above actions and omissions of the Paisabazaar shall be binding on me as though such actions had been carried out by me directly. I further confirm that my CIR shall be used only for the purpose as mentioned in the attached standard terms and conditions and I shall be solely liable for, and indemnify and hold harmless Equifax for and against, any and all third party claims or damages or proceedings of any kind, arising from or in connection with (a) any misrepresentations, incorrect information or omission of any critical information in my application, or (b) furnishing my CIR based on this authorization letter, and shall not at any time hold Equifax or its affiliates and their respective officers, directors, employees or representatives liable in this respect.

I hereby also confirm that I have only appointed Paisabazaar to be my authorized agent/representative for collection of my CIR.

I undertake to keep Equifax intimated and informed at all times, of any renewals or termination of the authorization to Paisabazaar or any amendments, modifications or changes in the terms governing the obligations or my relationship with Paisabazaar.

I shall at all times co-operate with Equifax and execute and deliver to Equifax such instruments and documents and take such other actions as may be required by Equifax from time to time in connection with this authority letter.

By signing on this authorization letter, I hereby acknowledge and accept the Standard Terms and Conditions mentioned above.

Date : 23/01/2021

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :23/01/2021

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

EXPERIAN TERMS AND
CONDITIONS

YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM EXPERIAN.

YOU HEREBY IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY EXPERIAN TO YOU AND PAISABAZAAR AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU HEREBY ALSO AGREE AND ACKNOWLEDGE THAT FOR PAISABAZAAR TO SERVICE YOU AS A CUSTOMER, THE CREDIT INFORMATION SHALL BE SHARED BY EXPERIAN WITH YOU AND PAISABAZAAR ON A MONTHLY BASIS. YOU FURTHER ALSO AGREE AND CONSENT TO RECEIVE SUCH CREDIT INFORMATION DIRECTLY FROM EXPERIAN AND ALSO THROUGH YOUR PAISABAZAAR ACCOUNT AS PER YOUR INDEPENDENT REGISTRATION WITH PAISABAZAAR.

Please read the Terms and Conditions of this document carefully before accepting. By clicking on the "I ACCEPT" button below, you are expressly agreeing to access the Experian Credit Information Report and Credit Score (as defined in the Important Information Section below) (together referred as "Credit Information") and share a copy of the Credit Information with Paisabazaar in the "as is" format. Please click on the link below to read and understand the Important Information section below.

** This document is an electronic record in terms of the Information Technology Act, 2000 and Rules made there under, and the amended provisions pertaining to electronic records.

Information Collection, Use, Confidentiality, No-Disclosure and Data Purging

PAISABAZAAR/ We/ Us can only access your Credit Information as your authorized representative and we shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from us on the Website. We shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

We shall protect and keep confidential the Credit information both online and offline and use best in class security measures in line with applicable laws. The Credit Information shared by You, or received on your behalf shall be destroyed, purged, erased promptly upon the earlier of: (i) your written request to terminate this relationship with Paisabazaar (ii) the completion of provision of the Services by us to you.

Governing Law and Jurisdiction The relationship between you and the Parties shall be governed by laws of India and all claims or disputes arising there from shall be subject to the exclusive jurisdiction of the courts of [Mumbai].

Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
"Credit Information Report" means the credit information / scores / aggregates / variables or reports which shall be generated by Experian;
"Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by Experian.
"CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
PLEASE READ THE ABOVE MENTIONED IMPORTANT INFORMATION AND CLICK ON "ACCEPT" FOLLOWED BY THE LINK BELOW TO COMPLETE THE AUTHORISATION PROCESS FOR SHARING OF YOUR CREDIT INFORMATION BY EXPERIAN WITH YOU AND PAISABAZAAR, IN ITS CAPACITY AS YOUR AUTHORISED REPRESENTATIVE.
BY CLICKING "ACCEPT" YOU AGREE AND ACCEPT THE DISCLAIMERS AND TERMS AND CONDITIONS SET OUT HEREIN. THE TERMS AND CONDITIONS MENTIONED HEREIN MAY CHANGE IN ORDER TO COMPLY WITH GOVERNING LAWS OF THE COUNTRY AND THE CONSUMER SHALL BE BOUND TO ANY CHANGES TO THIS AGREEMENT

Name :
Date : 23/01/2021

I hereby appoint Paisabazaar as my authorised representative to receive my credit information from the following bureau partners :

I hereby unconditionally consent to and instruct the above bureaus to provide my credit information to me and Paisabazaar on a month to month basis. I understand that I shall have the option to opt out/unsubscribe from the service.

Name :
Date :23/01/2021

CC:
Paisabazaar.com,
Paisabazaar Marketing and Consulting Private Limited

CRIF HIGH MARK TERMS
AND CONDITIONS

This End User Agreement (the "Agreement") is made between you (the "User" or "You") and Paisabazaar Marketing and Consulting Pvt Ltd ("PaisaBazaar"), a private limited company having its registered office at Plot No 119, Sector-44, Gurgaon-122001, Haryana ("PAISABAZAAR", "Us" or "We", which term shall include its successors and permitted assigns). The User and PAISABAZAAR shall be collectively referred to as the "Parties" and individually as a "Party".

YOU HEREBY APPOINT PAISABAZAAR AS YOUR AUTHORISED REPRESENTATIVE TO RECEIVE YOUR CREDIT INFORMATION FROM CRIF HIGH MARK. BY EXECUTING THIS AGREEMENT / CONSENT FORM, YOU ARE EXPRESSLY AGREEING TO ACCESS THE CRIF HIGH MARK CREDIT INFORMATION REPORT AND CREDIT SCORE, AGGREGATE SCORES, INFERENCES, REFERENCES AND DETAILS (AS DEFINED BELOW)(TOGETHER REFERRED AS "CREDIT INFORMATION"). YOU HEREBY ALSO IRREVOCABLY AND UNCONDITIONALLY CONSENT TO SUCH CREDIT INFORMATION BEING PROVIDED BY CRIF HIGH MARK TO YOU AND PAISABAZAAR BY USING CRIF HIGH MARK TOOLS, ALGORITHMS AND DEVICES AND YOU HEREBY AGREE, ACKNOWLEDGE AND ACCEPT THE TERMS AND CONDITIONS SET FORTH HEREIN. YOU ALSO ACKNOWLEDGE THAT YOU SHALL NOT RAISE ANY CLAIM OR HOLD LIABLE CRIF HIGH MARK CREDIT INFORMATION SERVICES PRIVATE LIMITED IN RELATION TO YOUR CREDIT INFORMATION REPORT AND CREDIT SCORE PROVIDED OR TO BE PROVIDED BY CRIF HIGH MARK TO PAISABAZAAR.

Terms and Conditions: Information Collection, Use, Confidentiality, No-Disclosure and Data Purging PAISABAZAAR shall access your Credit Information as your authorized representative and PAISABAZAAR shall use the Credit Information for limited end use purpose consisting of and in relation to the services proposed to be availed by you from PAISABAZAAR. PAISABAZAAR shall not aggregate, retain, store, copy, reproduce, republish, upload, post, transmit, sell or rent the Credit Information to any other person and the same cannot be copied or reproduced other than as agreed herein.

The Parties agree to protect and keep confidential the Credit Information both online and offline. The Credit Information shared by you, or received on by us on your behalf shall be destroyed, purged, erased promptly upon request from the consumer or the consumer withdrawing the consent to retain such credit information / reports by deleting/deactivating the consumers account with Paisabazaar.

Governing Law and Jurisdiction Definitions: Capitalised terms used herein but not defined above shall have the following meanings:
" Business Day" means a day (other than a public holiday) on which banks are open for general business in Gurgaon and Mumbai.
" Credit Information Report" means the credit information / scores/ aggregates / variables / inferences or reports which shall be generated by CRIF High Mark;
" Credit Score" means the score which shall be mentioned on the Credit Information Report which shall be computed by CRIF High Mark.
" CICRA" shall mean the Credit Information Companies (Regulation) Act, 2005 read with the Credit Information Companies Rules, 2006 and the Credit Information Companies Regulations, 2006, and shall include any other rules and regulations prescribed thereunder.
IN CASE THERE IS ANY DISCREPANCY OR INABILITY IN COMPLETION OF ONLINE AUTHENTICATION, PLEASE SUBMIT YOUR SELF ATTESTED KYC DOCUMENTATION IN SCANNED COPIES FOR SHARING OF YOUR CREDIT INFORMATION BY CRIF HIGH MARK WITH YOU AND PAISABAZAAR (YOUR AUTHORISED REPRESENTATIVE).
ONLINE SUBMISSION - DOES NOT REQUIRE SIGNATURE AND EXECUTION"

Name :
Date :23/01/2021

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हिंदी में पढ़े
Updated: 16-11-2020 13:49:49 PM

Kisan Credit Card is a Government of India scheme which aims to save farmers from high-interest rates usually charged by money lenders in the unorganised sector. The interest rate can be as low as 2.00% under this scheme. Moreover, the repayment period is based on the harvesting or marketing period of the crop for which the loan amount was taken. Other details are given below.

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Read more on this page
Kisan Credit Card – Features & Benefits
Top Banks Offering Kisan Credit Cards in India
Kisan Credit Card Interest Rate
Kisan Credit Card Eligibility
How to Apply for Kisan Credit Card
How Does a Kisan Credit Card Work
PM Kisan Samman Nidhi
Kisan Credit Card – FAQs
Kisan Credit Card News Updates

Kisan Credit Card – Features & Benefits

The features and benefits of the Kisan Credit Card are:

  • The interest rate can be as low as 2.00%
  • Collateral free loans up to Rs. 1.60 lakh
  • The crop insurance scheme is also provided to farmers
  • Following Insurance coverage is provided
    • Up to Rs. 50,000 against Permanent Disability and Death
    • Up to Rs. 25,000 is provided against other risks
  • The repayment period is based on the harvesting and marketing period of the crop for which the loan amount was taken out
  • Loan amount up to Rs. 3.00 lakh can be taken out by the cardholder
  • Collateral is not required on loans up to Rs. 1.60 lakh
  • Farmers get a high-interest rate on the savings in their Kisan Credit Card Account
  • Simple interest rate is charged as long as the user makes prompt payment. Otherwise, the compound interest rate becomes applicable

Suggested Read: Kisan Credit Card (KCC) Loan Scheme in India

Require a Bigger Loan Amount?

Loan Amount on KCC is fairly limited, if you require a high loan amount consider applying for a Personal Loan. Key benefits of Personal Loan include:

  • Longer tenures, up to 60 months
  • Quick processing and disbursal
  • No Collateral or security required
Apply Now
Know Additional Benefits

Top Banks Offering Kisan Credit Cards in India

The Kisan Credit Card scheme was set by NABARD (National Bank for Agriculture and Rural Development) and has been followed by all the major banks in India. Top banks that offer KCC are:

State Bank of India – State Bank of India is one of the largest issuers of Kisan Credit Cards. The interest charged on SBI Kisan Credit Card can go as low as 2.00% per annum on loans up to Rs. 3.00 lakh.

Punjab National Bank – PNB Kisan Credit Cards are one of the most requested credit cards. The application process is quite easy and users can expect speedy disbursal post processing.

HDFC Bank – HDFC Bank Kisan credit cards offer loans at an interest rate of around 9.00%. Maximum credit limit that is offered is Rs. 3.00 lakh. Cheque book with credit limit of Rs. 25,000 is also issued. Moreover, in case a farmer suffers from crop failure then they can get an extension up to 4 years or more. Insurance coverage is also provided against crop loss because of natural calamities or pest attacks.

Axis Bank – Axis Bank Kisan Credit Cards offer loans charging interest rate starting from 8.85%. However, they provide loans at an interest rate lower than this in line with government subvention schemes.

Besides this there are other banks that also offer Kisan credit cards. These are:

Bank of IndiaOdisha Gramya Bank
Indian Overseas BankBangiya Gramin Vikash Bank
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Kisan Credit Card Interest Rate

The interest rate on KCC varies from bank to bank. However, most banks provide Interest subvention loans in line with the Government Schemes where the interest charged can be as low as 2.00%.

Kisan Credit Card Eligibility

Kisan Credit Card Eligibility Criteria

  • All farmers who are either individuals/Joint borrowers of the land and involved in farming or allied activities
  • Individuals who are owner cum cultivators
  • All the Tenant farmers or Oral lessees and Share Croppers in the agricultural land
  • Self Help Groups or Joint Liability Groups including tenant farmers or sharecroppers
  • Farmers should be eligible for a production credit of Rs.5,000 and above, and then he/she is entitled to a KCC.
  • All such farmers who are eligible for short term credit loan towards crop production or any allied activities as well as non-farm activities
  • The farmers should be the residents of the bank’s operational area

Documents Required For KCC

People who want to avail a Kisan Credit Card must submit establish their identity & address. Applicant can submit any one of the below given documents.

Proof of IdentityPAN card, Aadhaar card, Driver’s License, Passport, Voter’s ID, Overseas Citizen of India Card, Person of Indian Origin Card, Job card issued by NREGA, Letters issued by the UIDAI
Proof of AddressAadhaar card, Driver’s License, Passport, Utility Bill not more than 3 month’s old, Ration Card, Property Registration Document, Person of Indian Origin Card, Job card issued by NREGA, Bank Account Statement

Besides this, the bank will also require passport size photographs, and any other document that it deems fit.

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How to Apply for Kisan Credit Card

Online

Farmers who want to avail KCC online can easily do so by following the below given steps:

  • Visit the preferred bank’s website and visit their Kisan Credit Card Section
  • Download & print the Application form
  • Duly fill out the Application form
  • Submit the application and necessary documents at the nearest bank’s branch
  • The loan officer will share the necessary information with the applicant
  • Once the loan amount is sanctioned the card will be dispatched
  • Customers can start using the credit card once they receive the KCC.

Branch Visit

Farmers seeking Kisan Credit Card can also visit a bank of choice and get in touch with a bank official. The official will help the applicant in filling out the form. Afterwards, the loan officer will share the necessary details and process the application.

How Does a Kisan Credit Card Work

Kisan Credit Cards are different from the regular unsecured credit card. The workings of KCC are different too. They work in the following manner.

  • Customer must visit the bank and then apply for a Kisan Credit Card
  • The loan officer will then decide on the loan amount that will be given to the applicant. It can go up to Rs. 3.00 lakh
  • Once the amount has been sanctioned, user will be issued the bank’s Kisan credit card
  • Cardholder can now purchase items against the limit of credit extended
  • The interest rate will be applicable on only the amount of credit taken
  • Timely payment will ensure that minimal interest rate is applied on the loan taken out

KCC offers dynamic loan to the cardholder. This means that user can take out a loan amount as per their needs against a maximum credit limit. This will ensure that they don’t have to pay a large interest associated with a big principal amount.

Suggested Read: Kisan Credit Card: A Boon for Farmers in India

PM Kisan Samman Nidhi

After Budget 2020, the government has taken a major step in the direction of making institutional credit more accessible to the farmers. They are doing this by merging the Kisan Credit Card (KCC) Scheme with the Kisan Samman Nidhi Scheme. The beneficiaries of Kisan Samman Nidhi Scheme will now be able to avail Kisan Credit Card under which they can avail loans for farming at a concessional rate of only 4%.

How to Apply for Kisan Credit Card under PM Kisan Samman Nidhi Scheme

To apply for a Kisan Credit Card under this scheme, the following steps need to be followed:

  • A one-page form should be filled which will be available on all commercial banks’ website and also published in all leading newspapers.
  • The applicant will have to fill basic information like land record and the crop sown.
  • Form can also be filled and submitted at Common Service Centers (CSC) and they are also responsible for transferring the filled forms to the bank branches

Banks have also been instructed to motivate existing customers to avail credit under the scheme.

Kisan Credit Card – FAQs

What is a Kisan Credit Card Loan?

Kisan Credit Card loan is a Government of India scheme under NABARD that aims to offer farmers loans at low interest rates. The interest rate after subvention can go as low as 2.00%. This will ensure that the farmers do not fall into debt traps or lose out on cultivating crops.

How is Kisan Credit Card Loan amount calculated by the bank?
The loan amount that is extended to the cardholder is decided by the loan officer at the time of application. Various factors are taken into consideration like farm area, expenses related to farming, consumption, etc.

What security/collateral will the bank demand to sanction the loan amount?
Banks won’t demand security or collateral as long as the loan amount is less than Rs. 1.60 lakh. Beyond that, banks can ask for security that it deems fit. Collateral can be in the form of handing over the crops for which the loan was taken out or other assets like tractors, trolleys and so on.

What is the tenure of the loan that can be taken out via Kisan Credit Card?
The maximum tenure can be 5 years.

What interest rate will be applied on the loan amount taken via a Kisan credit card?
Interest rate may depend on the individual applying for the loan. However, customers can use the below given table as a reference.

Kisan Credit Card Interest Rate
Interest Rate at the time of Application4 % per annum
Interest Rate on Prompt Payment3% per annum
Interest Rate on Late Payment7% per annum

Do note that the interest charged will vary from case to case basis and will be dependent on the bank disbursing the amount.

What are the factors in calculating the credit limit of the Kisan Credit Card?
The initial credit limit on the card is offered on the basis of:

  • Land area, crop sown, etc.
  • Pre & post-harvest expenditure and household requirements.
  • Other Expenses required for the maintenance of crop and farm assets which includes crop insurance as well as Personal Accident Insurance Scheme

How Can I apply for this credit card?
In case you are eligible for this card, you may either apply online or obtain an application form by visiting the nearest bank branch or NABARD office. The application form for Kisan Credit Card (KCC) in Hindi is also available for farmers who cannot understand English.

What are the incentive and waivers available on these credit cards?
Banks at their own discretion do not require collateral security as long as the loan amount is less than Rs.1.60 lakh

Kisan Credit Card News Updates

Interest-on-interest waiver will not be provided on loans extended for agriculture and allied activities
30 October 2020
The interest-on-interest waiver that the government announced will not be provided on loans extended to agriculture and allied activities.
Madras High Court directs banks to postpone implementation of the new system of loan withdrawals to 1st November 2020
28 Aug 2020
The new system for loan withdrawal that requires ‘Mirror Account’ with the respective district central co-operative bank has been postponed till 1 November 2020. The court added that the decision was made in light of the fact that opening a ‘Mirror Account’ and operating an ATM Card cannot be adopted overnight by farmers.
SBI launches Kisan Credit Card Review on YONO Krishi Platform
14 Aug 2020
SBI launched the Kisan Credit Card Review or KCC Review option on YONO Krishi. This feature allows farmers that have a KCC account with SBI to revise their credit limit without having to visit SBI bank branch.
HDFC Launches Shaurya KGC Card
14 Aug 2020
HDFC under its ‘Har Gaon Hamara’ initiative has launched the Shaurya KGC Card. The card is aimed to benefit the agricultural dependent families of armed personnel. The card can be availed by those who are serving in the Army, Navy, Air Force or Para Military Forces. The card provides life cover of Rs 10 lakh, credit for agricultural related expenses and more.
 Haryana Minister vows to give Pashu Kisan Credit Cards in next one week
16 July 2020
Haryana’s Animal Husbandry & Dairying Minister J P Dalal said that all the applicants will receive the credit card within the next week. He also said that 1 lakh more applicants can apply for the card till 31st July 2020. These new applicants can expect to receive their credit card within a month post verification.
Kisan Credit Card Benefits to be Extended to Fishing and Animal Husbandry
14th May 2020
Finance Minister Nirmala Sitharaman, in the second part of the economic stimulus package, has promised the below-given measures for farmers.
Concession Credit Rate – The government of India will extend 2 lakh crore of credit on a concessional rate to farmers. This will ensure that farming activities are not hampered amidst the pandemic.
Extension of KCC to 2.5 crore Farmers – Currently, out of the 9 crore farmers enrolled in PM Kisan Samman Nidhi Yojana, 2.5 crore farmers don’t have Kisan Credit Cards. The government will contact these farmers to extend the KCC benefits to them. Through KCC, they can avail concessional credit and other benefits.
Wider Eligibility for KCC – The government has extended the Kisan Credit Card scheme to fishermen and animal husbandry farmers.
Kisan Credit Cardholders can use 10% of the money for household needs
5th May 2020
The Reserve Bank of India has announced that Kisan credit card holders can use their credit cards to pay for their household expenses. The maximum amount that the farmers can use for their household expenses is 10% of the loan amount. This scheme was rolled out to provide relief to the farmers during COVID-19 lockdown.
RBI asks banks to extend Interest subvention and Prompt Repayment Incentive to Farmers
21st April 2020
The Reserve Bank of India (RBI) has asked banks to extend the Interest subvention (2%) and Prompt Repayment Incentive (3%) to farmers if they fail to repay the amount because of the lockdown. Now, farmers won’t be charged a higher rate of interest if they don’t pay the due amount between 1st March 2020 and 31st May 2020. The facility is for farmers who took out a loan of Rs 3 Lakh or less only.
Farmers can get loan up to Rs. 3 Lakh through Kisan Credit Card Scheme
29th Feb 2020
Prime Minister Narendra Modi launched a drive in Chitrakoot UP today to further the goal of meeting financial needs of farmers. More than 25 Lakh beneficiaries of the PM Kisan Samman Nidhi will be provided with Kisan Credit Cards. 2,000+ banks have been given the task. Farmers can avail a loan up to Rs. 1.60 Lakh without collateral at an interest rate of 4%. On making timely payments, the loan amount can be extended up to Rs. 3 Lakh.
Existing Short Term Crop Loans to be converted to KCC Loans
27th Feb 2020
RBI has issued an advisory to all Commercial Banks and Scheduled Commercial Banks to extend the benefits of Interest Subvention (IS) and Prompt Repayment Incentive (PRI) on short-term crop loans only through the Kisan Credit Card Scheme. This will be effective from 1st April 2020. All existing short-term crop loans will be converted to KCC Loans by 31st March 2020.
Government takes CSC’s help to further its KCC Initiative
24th Feb 2020
Government’s e-governance service provider Common Service Centers (CSC) has been roped in to assist the government further its Kisan Credit Card Initiative. Around 3.65 Lakh service centers will be established to enroll eligible farmers under the scheme so that they can get financial support for farming as well as non-farming activities.
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5/5
EXCELLENT

Membership rewards card is the best card compared to any card of any other bank. I mean which bank gives you 1000 points by just making 4 transactions in 1 calender month ...? none amex roxx and the cx care is next level no other bank is even 10% of amex cx care ......without thinking twice just go for it

Jan 13, 2020
2/5
Very Basic Card

No extra rewards or benefits. Only basic features. Could have been better.

Jan 13, 2020
4/5
Liked it

SBI Simply Click is a good card for online shopping. I get a lot of rewards. Recommended!

Jan 3, 2020
4/5
Low Annual Fee

The only credit card from American Express that comes with low Annual fee of Rs. 495 but offers amazing list of cashbacks and rewards that make it worth having

Jan 3, 2020
5/5
A perfect travel card

My job keeps me on my toes with frequent travels, thanks for American Express Platinum Travel Credit Card I get to enjoy lounge access on the days when my flights are painfully delayed

Jan 3, 2020
4/5
Good for rewards

Ever since i have got this card my spending have become rewarding with amazing rewards program that Amex membership rewards card offers.

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