Kisan Credit Card (KCC) Loan
The PDC Bank Offers Kisan Credit Card (KCC) loan that provides farmers with timely, affordable credit for agricultural needs like crop cultivation, post-harvest expenses, and farm asset maintenance, offering a revolving cash credit facility with low interest rates (often around 5.5% with government support up to ₹5 Lakhs) and flexible repayment, accessible via ATM/Debit cards for various expenses.
Key Features:
- Purpose: Covers production credit (seeds, fertilizers), post-harvest, marketing, household consumption, and working capital for farm assets.
- Credit Limit: Varies, with potential for higher limits based on assessment, offering flexibility.
- Interest Rate: Subsidized; often ~5.5% p.a. for limits up to ₹3 Lakhs with prompt repayment (2% subvention + 3% incentive).
- Access: Revolving cash credit via ATM Debit/Kishan card, making funds easily available.
- Validity: Typically 5 years, subject to annual review.
- Savings Account with Kishan Debit Card, cheque book, mobile banking.
Required Documents:
- Identity Proof: Aadhaar Card, PAN Card, Passport, or Voter ID.
- Address Proof: Aadhaar Card, Passport, Utility Bill (Electricity/Water/Gas), or Driving License.
- Duly filled Loan Application Form with passport-sized photographs.
KCC Loan Interest Rates
