Bihar government is now inviting Kisan Credit Card Scheme online registration form 2022 at krishi.bih.nic.in. This is a credit scheme was earlier introduced in August 1998 by Indian banks to provide term loans for agricultural needs. Farmers can now apply by downloading Kisan Credit Card (KCC) application form in PDF format online.
Kisan Credit Card Scheme offers 2 types of credit to farmers - Cash Credit & Term Credit (pump sets, land development, plantation, drip irrigation). Farmers can avail concessional credit facility from public sector banks, private banks, commercial banks, regional rural banks & state cooperative banks.
KCC credit card holders are also covered under personal accident insurance. This amount is upto Rs. 50,000 for death and permanent disability and upto Rs. 25,000 for other risk. The KCC premium is borne by both bank and borrower in 2:1 ratio.
Bihar Kisan Credit Card (KCC) Scheme Apply Form PDF Download Online
Here is the complete procedure to download Bihar Kisan Credit Card (KCC) Scheme application form PDF online:-
- Firstly visit the official website at http://krishi.bih.nic.in/
- At the homepage click at the "किसान क्रेडिट कार्ड के लिए आवेदन हेतु एक पन्ना का सरल फार्म" link.
- Direct Link - http://krishi.bih.nic.in/Docs/Form_for_KCC.pdf
- Accordingly, the Bihar Kisan Credit Card (KCC) Scheme Online Application / Registration Form will appear as shown below:-
- Farmers can download this KCC apply online form in PDF format and fill it. After filling it, the farmers can submit this form at the bank branches to avail Kisan Credit Card facility.
Kisan Credit Card or KCC is a scheme specifically designed by NABARD to provide farmers with financial support. The short-term loan is intended to help farmers receive timely financial aid and support from the banking system. KCC money can be used for multiple purposes such as meeting short term credit requirements to cultivate crops, post harvest expenses, household expenses. Farmers can even utilize this money for working capital requirements of farming, investment for agricultural purpose and market expenses for produce.
Kisan Credit Card Scheme Features
Kisan Credit Card (KCC) Interest Rate
The interest rate for Kisan Credit Card Scheme has been left to the discretion of the bank. However, as per the KCC circular, the interest rate is 7% p.a. on short-term credit. There is Rs. 3 lakh upper limit on the principal amount.
How Banks determine the credit limit on a Kisan Credit Card (KCC)
The credit limit for farmers which is offered on a Kisan Credit Card for the initial year is based on the following parameters:-
- The cultivation of crops according to the scale of finance and cropping pattern that was proposed.
- Household / post-harvest consumption requirements.
- Expenses related to the maintenance of crop insurance, farm assets, Asset insurance and Personal Accident Insurance Scheme (PAIS).
What security should be provided at the time of KCC application
-- For card limits up to Rs. 3 lakh - Hypothecation of crops, additional collateral security at the issuing bank's discretion.
Checking KCC Account Balance in Bihar
Types of Agricultural Loans for Farmers in Bihar
In Bihar, almost every bank offers farmers loans to enable them to meet their financial needs. There are more than 15 agricultural loans in Bihar:-- Farm storage facilities and warehousing loan
- Farm operating loans
- Farm ownership loans
- Fisheries finance program
- Crop loans
- Produce marketing loan
- Loan against warehouse receipts
- Kisan Shakti Yojana
- Land development scheme
- Minor irrigation scheme
- Farm mechanization scheme
- Financing of combine harvesters
- Land Purchase Scheme
- Dairy Plus Scheme
- Broiler Plus Scheme
- Horticulture finance
- Agri-Business Heads Scheme
In addition to this, Bihar govt. has started providing crop loans to farmers under Kisan Credit Card Scheme.
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