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Revised Kisan Credit Card Yojna | Benefits to Fishermen | किसान क्रेडिट कार्ड योजना

Kisan Credit Card Scheme Details: Kisan Credit Card facility first introduced by then Finance Minister,”Yashwant Sinha” in 1998-99. It was introduced with the aim to facilitate Indian Farmers to provide them credit facility when they need. But by today, there was no complete implementation till present. Recently, a new revised Kisan Credit Yojna was launched by India’s Finance Minister Mr. Arun Jaitley to now speed the pace of credit facility during the financial budget.

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Kisan Credit Card Yojana / Scheme

Main Objective of Revised Kisan Credit Card Yojana

  • To fulfill Farmer / Fishermen household requirements.
  • To provide short-term loans required to fulfill their requirements during cultivation.
  • Funds required for purchasing new machinery for crops, fisheries, animal husbandry.
  • Also working capital for Fisheries / Farmers.
  • To facilitate the farmers with the time-saving fast procedure.

Benefits of Kisan Credit Card Scheme

  • No need to apply for every cultivation
  • Simplifies disbursement procedures
  • Helps buy seeds, fertilizers at fishermen’s convenience and choice
  • Removes rigidity regarding cash and kind
  • Ensuring to reduce interest on loan at any time
  • Helps to get cash discount
  • Easy Repayment Option
  • Flexible Rate of Interest
  • Withdrawals to credit limit
  • Flexibility in getting required money in easy terms
  • Facility of withdrawing money at one convenience from their home branch instead of selected branches
  • Simplification of document procedure, minimum workloads
  • Maximum Credit Support
  • Instead of seasonal loan facility, there has been an introduction of 3-year repayment scheme
  • Adequate & timely payment

Documents required to get KCC

1. Identity proof:

  • Adhaar Card
  • Voter ID card
  • PAN card
  • Passport
  • Driving License

2. Address proof:

  • Voter ID card
  • Passport
  • Aadhaar card
  • Driving license

3. An application form

Personal Accident Insurance Scheme for KCC holders

Under PAI Scheme, if a death or permanent disability occurs a sum of Rs. 50,000/- will be payable under

  • Natural Death
  • Death due to accident (within 12 months)
  • Permanent Disability (loss of two limbs / two eyes / Rs. 25,000 in case of one limb and one eye)


  • A premium of Rs. 15/- or Rs. 45/- shall be payable in case of a 1-year policy or a 3-year policy respectively.
  • A physical bond will be issued by Insurance Company to all Kisan Credit Card holders.
  • Banks to ensure Nominee name in Kisan Credit Card cum Passbook.
  • Insurance Coverage Available under Policy only.
  • A receipt of policy also be generated.
  • There will be a local office for the insurance company will be designated for co-operating with KKC holders at a district level.
  • Simplification of claim settlement by bank or insurance company or local representative to certify the nature of death causing naturally / accident / permanent disability.
Updated: February 19, 2018 — 3:55 pm

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