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Axis Bank Kisan Credit Card

Updated on June 13, 2024 , 8336 views

Kisan Credit Card from Axis Bank is a specially designed for farmers. The bank provides this service to help farmers stay updated and get financial assistance for all their crop and maintenance needs. The system also provides insurance coverage. The Kisan Credit Card (KCC) helps farmers get loans at low-interest rates with hassle-free processing and sanctions.

Axis Bank Kisan Credit Card

When it comes to framing business, the bank provides long run assistance. You also get a dedicated relationship manager to help with various queries. Axis Kisan Credit Card also offers loans for horticulture projects, including those approved by the National Horticulture Board for subsidy.

Axis Bank Kisan Credit Card Interest Rate 2024

Axis Bank provides credit in low-interest rates. It also offers interest subvention loans in line with Government schemes.

The interest rates are mentioned below:

Facility Type Mean Interest rate Max Interest rate Min.Interest rate
Production credit 12.70 13.10 8.85
Investment credit 13.30 14.10 8.85

Features of Axis Bank KCC

1. Loan Amount

Farmers can get a loan amount of up to Rs. 250 lakhs with Axis Bank Kisan Credit Card option.

2. Loan Tenure

Axis bank allows flexible loan repayment tenure. They have a hassle-free renewal process for loan tenures and the tenure is fixed by allowing a reasonable period for marketing the agricultural produce after harvest. The tenure is up to one year for a cash credit and up to 7 years for term loans.

3. Coverage

The loan covers cultivation needs like the purchase of inputs, etc. It also covers investment needs like the purchase of agricultural implements, Land development, repair of farm machinery and other needs. Domestic needs like expenditure on account of children’s education and other family functions are also covered under this loan. A farmer can choose between cash credit and term loans with a Kisan Credit Card. It has friendly repayment terms.

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4. Insurance

The loan also provides free accidental Insurance Coverage for farmers up to Rs. 50,000. Crop Insurance is available for all notified crops under the Pradhan Mantri Fasal Bima Yojana.

5. Quick Disbursal

The farmer can get the loan easily with on the spot decision by the bank. Quick sanction and timely disbursement with simplified documentation are some of the main benefits.

6. Uniform Scale

The bank offers uniform scale of finance for all traditional crops.

Eligibility for Axis Bank Kisan Credit Card

1. Age

The eligibility for the scheme is that an individual has to be 18 years old and above to avail the loan. The maximum age is 75 years at the end of the loan tenure.

2. Nationality

The applicant must be an Indian. You should possess relevant documents for proof.

3. Type

Individual farmers or joint borrowers of cultivable land who are engaged in farming activities can apply for the scheme. Also, individual landowners, tenant farmers, self-help groups or joint liability groups formed by sharecroppers or tenant farmers can also apply for Axis KCC.

4. Location

The farmers applying for the loan should be residing within the jurisdiction of the bank they are availing loan from.

Documents Required for Kisan Credit Card

1. Identity proof

  • PAN Card
  • Aadhar Card
  • Driver’s License
  • Passport
  • Voter’s ID
  • Job card issued under Mahatma Gandhi Rural Employment Guarantee Act (MNREGA)
  • Letter issued by the UIDAI
  • Passport size photo

2. Address Proof

  • PAN card
  • Aadhar Card
  • Driver’s License
  • Passport
  • Voter’s ID
  • Utility bill from the preceding three months
  • Property registration document
  • Bank account statement
  • Job card issued under Mahatma Gandhi Rural Employment Guarantee Act (MNREGA)

Axis bank Kisan Credit Card scheme is highly recommended. The bank is well-known for customer relationships, and transparency. Read all the loan related documents carefully before applying.

All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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