Kisan Credit Card through V.K.Society (Implemented Scheme 2012) :-
Generally farmers are getting a loan up to 300,000.00 under kisan credit card scheme. Kisan credit card is just like cash credit loan, so that the loanee can do transactions up to given limit. The minimum period for this kisan credit card scheme is of 1 year and maximum for three years. The farmers using this scheme are eligible for individual accidental insurance protection kisan credit card holders can get the benefit of crop insurance, manure insurance, Individual accident insurance, Health insurance etc. The Installments of insurance can be paid by the farmers and bank jointly.
Individual kisan credit card (straight Loan Supply) :-
Under this schemes the farmers are given straight personal loan up to Rs 50,000.00 just like kisan credit card. The loanee has to prove about his farmership. The rate of interest on this scheme is decided by the board of directors of bank from time to time.
The financial eligibility depends on an individual's repayment capacity and is based on the following factors:
- Monthly or annual income
- Source of income
- Savings and credit history
- Work experience
- Number of dependents
- Probability of the individual continuing in the same occupation
Apart from the application form, you will be required to submit the following documents.
|Identity Proof||PAN Card, Driving License, Passport, Voter's ID, Aadhaar Card|
|Address Proof||Passport, Driving License, Voter's ID, Aadhaar Card, Utility Bill, Bank Statement, Bank Account Passbook (Updated and no more than 3 months old)|
|Signature Proof||PAN Card, Driving License, Passport|
|Latest Passport Size Photographs (4 copies)|