KCC loans on agricultural land are available in all India. If you have 1 bigha farming land you are eligible for a kcc loan, Rs 2 lakh at 7% interest.
7% interest rate may decrease to only 4% interest rate if farmers submit the loan amount before time and some relief for on time. If you have minimum 1 bigha farming land then visit any bank including pnb, sbi, gramin bank and apply there for kcc loan.
Quick notes – kcc loan Rs 2 lakh for 1 bigha land, most banks including gramin bank, pnb, sbi gives this loan, eligibility must have agriculture land on your name, loan is given only for farming purposes.
Let’s explore how you will get a loan and how much you can get at what interest rate.
Kisan credit card loan on agriculture land
What is kcc loan, how much loan you can get, interest rate, land size, eligibility, documents and how to apply for this loan is explained in this blog.
What is a KCC loan?
Kisan credit card (KCC) is not a credit card that is used to pay postpaid bills. Instead it is a loan which is named like this.
It is a loan scheme for farmers in India. Good thing is the eligibility is minor, if you have only 1 bigha land then also you are eligible to get a loan.
KCC minimum loan amount on this land size
A person having 1 bigha of land can get a minimum Rs 2 lakh as a loan and the loan amount can be increased as per the land size and agriculture requirements. This is the minimum amount you are eligible for the minimum land size.
KCC loan interest rate
It is one of the cheapest loan rates in Indian banks. When you get eligible and apply for a KCC loan you have to give only 7% interest.
In comparison to other loan interest it is far cheaper.
Eligibility criteria
The KCC loan is available only for agricultural lands, not for commercial and residential lands. So, apply only when you have agriculture lands on your name and must apply for agriculture purposes only.
Required land size for applying loan
If you have only one bigha of agricultural land you are eligible for Kisan credit card loans.
Loan amount you get for 1 bigha land
You may receive a Rs 2 lakh loan in your bank account against the kcc loan.
KCC loan apply process
It is easy to apply for a KCC loan. Visit the Gramin Bank of your block with land proof, residential proof and person identity proof. Land papers with Khasra Khatauni numbers are required for this loan.
Documents for a kisan credit card loan
- Residential proof – Any of these: Electricity bill, ration card or house papers.
- Personal identity proof – Adhar card, passport or may driving license. Adhar is preferred.
- Land papers – Land papers are required, paper must be original with Khasra Khatauni.
Get Rs 17000 per year for 3 bigha land
If you have 3 bigha agriculture land then you can get Rs 17000 per year free. Know the complete process to get money for agricultural land.
Yes it is true that by visiting Kisan Samriddhi Kendra of your block you can apply to get money or to get cheap fertilizer. This is a scheme run by the Indian government in which the government is providing very cheap fertilizer to farmers. If you don’t want to take fertilizer then you can apply to get money.
You will get Rs 17,000 for 3 bigha land to get full info visit the centre in your block.
FAQ
How much loan from kcc a farmer can get?
Rs 2 lakh for 1 bigha land.
What is the loan interest on the KCC loan?
7% interest.
What is the eligibility criteria for a KCC loan?
One must have agricultural land where farming is done, loan is only for farming purposes.
How much land do I need to apply for a kcc loan?
One beegha agricultural land required.
How much money will I get on 1 Bigha land for a KCC loan?
Rs 2 lakh approximately.
How to apply for a kcc loan?
Visit the nearest bank pnb, gramin bank or sbi for kcc loan.
Meet the agriculture loan department.
Ask for a kcc loan applyment.
Be ready with land proof, residential proof and person identity proof.
Submit land papers with Khasra Khatauni numbers and above proofs.
What are the documents for a kisan credit card loan?
Residential proof.
Personal identity proof.
Land papers.
Can I apply for a kcc loan for other things?
If you have farming land and you applied for a kcc loan but not used that money in agriculture then your loan may cancel in between. So, make sure not to misuse it. Bank employees keep an eye on your activity that you are doing on the land on which you got a kcc loan.
Conclusion – KCC loan is helpful for farmers who don’t have much land. Farmers having only 1 bigha land can apply for a kcc loan at 7% interest rate only. It is a good loan scheme for farmers as the interest rate is very low and it may also go around around 4% only.