Kisan Credit Card: Farmers will get loan of lakhs of rupees at just 4% interest, how to apply; what is the eligibility?

Farmers are provided a good amount of loans at low interest through KCC (Kisan Credit Card). Any farmer in the country can take advantage of this scheme. However, he must fulfill the eligibility related to the scheme.

First of all, let us know how much loan is being offered with Kisan Credit Card.

How much loan is being given?

A short-term loan is offered to farmers through a Kisan Credit Card. Finance Minister Nirmala Sitharaman had announced in the budget of 2025-26 to increase the loan limit from Rs 3 lakh to Rs 5 lakh through Kisan Credit Card under the MISS scheme.

This loan is available at the rate of 7 percent interest. Under the scheme, a 1.5 percent interest subsidy is available on the loan and this amount of subsidy is given by the government to the bank giving the loan. The farmer who pays the loan on time gets another 3 percent discount in interest. In this way, the actual interest rate for that farmer remains only 4 percent.

What will be the eligibility?

If any farmer wants to apply for a loan, then he has to fulfill the eligibility given below.

Different types of farmers are eligible for this scheme, such as
Animal husbandry farmers
Fishermen who have a license or a boat for fishing
Poultry farmers
Sharecroppers
Tenant farmers who have their farm
Dairy farmers

Which documents will be required?
To apply for this scheme, you may need the documents mentioned below-
A voter ID, PAN card, or Aadhar card will be required. These documents can be asked from you for ID proof and address proof.
How to apply for the scheme?
If you want to apply for a KCC (Kisan Credit Card), then you have to follow the steps given below.
Step-by-step process
Step 1- First of all you have to go to the official website of PM Kisan.
Step 2- Here you have to download the form related to the Kisan Credit Card.

Step 3- Now submit the information and documents asked in this form.

Step 4- After this, read the information filled in the form carefully. After this, submit it. You will get a loan from the bank within a few days of verification.

In this way, you can easily apply for the scheme.

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