Kisan Credit Card

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Kisan Credit Card (KCC) a valuable financial tool that helps farmers break the high-interest debt cycle and allows easy access to cheaper loans throughout the cultivation process - from seed expense to marketing expense, from maintenance to warehousing expense. KCC assists farmers in getting quick cash in hand, for various purposes and allows flexibility in repayment. This permits them to focus on farming-related tasks, rather than money matters.

Top 3 Benefits of On-Time Repayment of Loan

  1. Continued access to convenient banking, lower loan rates, and other benefits associated with KCC, such as:

    1. Comprehensive insurance coverage at low premium

    2. Financial support incase of crop loss due to natural disaster

  1. Improves your Credit score.

    1. Sign of great creditworthiness

    2. Makes you epgible for a higher loan amount next time.

    3. Makes you eligible for low-interest rates in the future

  1. Improves your eligibility chances for additional subsidies and schemes from Government.

Top 3 Impact of Non Payment of Kisan Credit Card dues

Banking Relation in Threat

KCC status is reviewed every year. Irregular re-payments mean a higher chance of discontinuity of the facility.

Interest Charge

Default in payment attracts penal interest charges which can be as high as 2% per month on the overdue amount at the time of loan regularization

Negative Impact on Credit History

Default record in your credit history, lowers your credit score and might cause problems in acquiring credit in the future. Any loan available will be at a rate higher than normal.

Credit Monitor advises you to continue availing the benefits of Kisan Credit Card by repaying your dues on time.

The Reserve Bank of India (RBI) has developed tailored financial literacy content for five target groups' viz. Farmers, Small entrepreneurs, School children, Self Help Groups, and Senior Citizens.

Audio-visuals have been designed for the benefit of the general public on topics relating to Financial Literacy. These Audio-visuals are on "Basic Financial Literacy", "Unified Payments Interface" and "Going Digital". Following is a visual aid released as part of this financial literacy campaign.