KCC Limit Increase in Budget 2025-26: In Budget-2025, Finance Minister Nirmala Sitharaman has made a big announcement for farmers. The government has increased the limit of Kisan Credit Card from 3 lakh to 5 lakh. In such a situation, farmers will now be able to apply for a loan of up to 5 lakh from April 1, 2025. This will benefit crores of farmers. Know here what is Kisan Credit Card and how to apply for it.
What are the benefits of Kisan Credit Card
Through Kisan Credit Card, farmers are given loans as per their need for their farming work. In this, farmers get loans with low interest rates, so that their financial needs are easily met. At the same time, on repaying the loan on time, the government gives a discount of 3% on interest, which gives financial relief to the farmers.
Debit Card and Crop Insurance
Through RuPay card linked to KCC, farmers can withdraw money from ATM and can also make digital payments. Apart from this, the crops of KCC holder farmers can be covered under the Pradhan Mantri Fasal Bima Yojana (PMFBY).
Where can you use KCC money?
KCC money is given for farming. In such a situation, farmers can use the KCC limit to buy seeds, fertilizers, pesticides and DAP for farming.
How to apply?
The method of applying for Kisan Credit Card is very easy. You can apply for it offline and online. Application for Kisan Credit Card can be made in any bank, small finance bank and cooperative.
These documents are necessary
To apply for Kisan Credit Card, you must have identity proof (Aadhaar card, PAN card, voter ID, driving license etc.), address proof (Aadhaar card, ration card, electricity bill, water bill etc.). Apart from this, proof of land ownership/tenancy, land records in the name of the farmer (Khatauni, Jamabandi, Patta etc.), if the farmer is a tenant then there should be a valid document of tenancy. Since this is a secured loan, farmers need collateral worth the same amount as the loan amount.
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