SBI Free Kisan Credit Card: Today we are going to tell you about SBI Kisan Credit Card. State Bank of India has decided to make Farmers Credit Card (KCC) free of cost to the farmers. By making this a farmer can fulfill all the needs of his farming. Therefore, SBI has decided that now the farmer does not have to spread his hands in front of anyone to fulfill his needs, so the bank has decided to make Kisan credit card free of cost to the farmers. have taken ! If you also want to get Kisan credit card made, then know this complete information about it.
State Bank of India has taken a big decision for the farmers that now every farmer will have SBI Kisan Credit Card. Which will make it easier for the farmers to buy machinery for their agriculture, which will be of great benefit to the farmers. And SBI has also taken a big decision for KCC, now the limit of Kisan credit card has also been increased. Which the farmer can buy more and more goods for his agriculture!
SBI has started a new facility for agriculture through YONO App. Which will be called Kisan Credit Chid Review or Kisan Review Option! State Bank of India has proved effective of KCC review in its branches. YONO will help more than 75 lakh farmers to save cost and efforts in applying for revision of KCC limit on agriculture. but can speed up the process for them especially during the harvesting season.
Features and Benefits of State Bank of India Kisan Credit Card
The State Bank of India will determine the short term loan limit on the basis of the crops to be grown according to the crop of the first financial year and will insure the estimated crop. The Kisan credit card limit will cover household expenses, farm and farm property maintenance costs, crop insurance, property insurance, personal accident insurance, and post-harvest needs. State Bank of India will revise the limit every year and it will increase by 10%.
SBI Yono App will be available for farmers soon
SBI YONO Mobile App which is a combined platform for Lifestyle and Banking Services. Soon it will be available for farmers and traders. Announced the second largest card issuer in India! About 61 lakh users have been registered for Kisan credit card since its launch in 2017. And it is currently witnessing around 3 lakh logins on a daily basis!
SBI Chairman Rajnish Kumar said that new services in YONO app for farmers, traders and frequent travelers will be launched in 6 local languages in April. ‘YONO Kisan’ service for farmers will provide services related to agriculture such as seed climate or weather information Kisan credit card facility, gold loan and online market information.
Features of SBI Kisan Credit Card
- Interest is paid on the credit balance in KCC account at the rate of savings bank.
- Free ATM cum Debit Card (State Bank Kisan Card) for all KCC borrowers
- Rupee. Interest subvention at the rate of 2% p.a. is available for loan amount up to Rs.3 lakh.
- Additional interest subvention @ 3% p.a. for early repayment
- Notified crops / notified areas are covered under crop insurance for all KCC loans.
- The quantum of loan for the first year will be determined on the basis of cost of agriculture, post-harvest expenses and farm land maintenance cost. SBI website.
- The loan will be sanctioned on the basis of increase in the quantum of finance during subsequent 5 years.
How to Apply Online for SBI Kisan Credit Card
To apply for SBI Kisan Credit Card, you have to make a physical submission on the application. The application form can be downloaded from SBI official website. State Bank of India Bank By filling this application, you can deposit it in your nearest bank!