India's largest lender, State Bank of India (SBI) says that its SBI Kisan Credit Card (KCC) provides timely and adequate credit to farmers to meet their cultivation expenses. SBI KCC also addresses farmers’ contingency expenses and expenses related to ancillary activities via a simple procedure allowing borrowers to avail loans basis their needs, says the bank.

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Here is a detailed step-by-step process article from the State Bank of India with the details of the SBI Kisan Credit Card (KCC). The article highlights all the necessary information, details, features, and the process of availing seamless agriculture loans to meet the cultivation expenses of the farmers. Here is all you need to know about SBI KCC:-

SBI KCC: Features and Benefits

- KCC will be like a revolving cash credit account

- Credit balance in the account, if any, will fetch savings bank’s interest rate

-Tenure: 5 years, with a 10% annual increase in limit every year subject to annual review

-Interest Subvention: 3% interest subvention for prompt borrowers up to Rs. 3 lakh

- Repayment: The repayment period as per the crop period (short/long) and marketing period for the crop

-Allotment of RuPay cards for all eligible KCC borrowers

-Accidental insurance of Rs. 1 lakh for Rupay Cardholders if the card is activated once in 45 days

SBI KCC: Eligibility

-All the farmers-individuals/joint borrowers who are owner cultivators

-Tenant farmers, oral lessees, Share Croppers, etc.

-SHGs or Joint Liability Groups of farmers including tenant farmers, share croppers, etc.

SBI KCC: Interest Rate

-Up to Rs. 3.00 Lakh - 7%

- Above Rs. 3.00 Lakh - As applicable from time to time

SBI KCC: Insurance

-KCC borrowers below 70 years of age are covered under Personal Accident Insurance Scheme (PAIS)

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- Farmers can also directly visit the SBI branch and ask for the KCC application form

-Fill in the required details and submit them to the branch

-The bank will review the application, verify the applicant’s details, and sanction the card

Salient features of reviewing KCC through YONO SBI:

-Hassle-free KCC review through YONO App or at YONO Branch

-Contactless and paperless journey for application through YONO App

-End to end process on YONO Branch portal

-Standardization of KCC Review process

- Minimum data entry by farmer and branch

How to review KCC via YONO

-Log-in to YONO SBI

-Click on YONO Krishi

-Click on Khata

-Click on Kisan Credit Card

-All you need to do is:

-Confirm personal details

-Confirm land details

-Confirm crop details

-Submit application

SBI KCC: Documents Required

-Address and Identity Proof: Aadhaar card, PAN card, Voter ID, driving license, etc. (any one)

-Documents of the agricultural land

-Applicant’s recent passport size photograph

-Issuer banks may also ask to submit security Post Dated Cheque