Roxyment Corporate Advisory Pvt. Ltd.
KCC UNIT
Kcc loan interest rate Services
Kisan Credit Card (KCC) is a credit scheme designed for farmers in India to provide them with timely and adequate credit for their agricultural needs.
The KCC Loan Services provide farmers with credit facilities for crop production, post-harvest expenses, working capital for maintenance of farm assets and activities, and other allied agricultural activities. The loan services also cover expenses related to animal husbandry, dairy, and poultry farming, as well as for purchase of farm machinery and equipment.
Key features of Kisan Credit Card loan are as follows:
Purpose: The loan is primarily meant to meet the credit requirements of farmers for agriculture and allied activities such as farming, fisheries, dairy farming, poultry farming etc.
Eligibility: The scheme is open to all farmers, including individual and joint borrowers, who own or cultivate agricultural land.
Loan Amount: The loan amount may vary depending on the requirements of the farmer. The maximum limit is usually Rs. 3 lakh for crop production, and up to Rs. 10 lakh for allied activities.
Interest rate: The interest rate on Kisan Credit Card loan is generally lower as compared to other loans, and is decided by the concerned bank or financial institution. The interest rate may vary depending on the creditworthiness of the borrower.
Repayment: The loan can be repaid in installments depending on the cropping pattern and crop season as per the convenience of the farmer.
Card Validity: The Kisan Credit Card is valid for five years, and can be renewed based on the creditworthiness and repayment history of the farmer.
Flexibility: The Kisan Credit Card offers flexibility in terms of credit requirements, repayment schedule and other terms and conditions.