Canara Bank Kisan Credit Card

Flexible Tenures:

For every withdrawal made under the short-term sub-limit, it should be liquidated in 12 months in case of short-term crops. For long-term crops, this period is extended to 18 months. The repayment period is 5 years.

Flexible Instalments:

Kisan Credit Card holders can repay the loan in half-yearly or yearly installments.

Debit cards:

Individual applicants will be issued RuPay debit cards. This will give farmers access to ATMs and POS terminals.

Small Margin:

The margin requirements for the Canara Bank Kisan Credit Card are relaxed. For loans up to Rs. 1 lakh, there is no margin required. For loans above Rs. 1 lakh taken for crop cultivation and maintenance, the margin is as per SOF. For related activities, 15% - 25% of the projected expenditure will be taken as the margin.

Purpose of Canara Bank Kisan Credit Card

The Canara Bank Kisan Credit Card is issued for the following agricultural purposes.

1. To fulfill short-term requirements for cultivation.
2. To meet any expenses arising post-harvest.
3. To meet any requirements for household consumption.
4. To provide a working capital needed for the maintenance of farm assets and related activities that include inland fisheries and dairy animals.
5. To meet investment requirements for assets and related activities such as sprayers, pump sets, dairy animals and so on.

Canara Bank Kisan Credit Card Eligibility

To get a Canara Bank Kisan Credit Card, you should meet the following requirements.

1. You should be a farmer, or engaged in cultivation and allied activities.
2. Both individuals and joint borrowers should be owner cultivators.
3. Tenant farmers, sharecroppers and oral lessees can also apply.
4. Joint liability groups or SHGs which include tenant farmers and sharecroppers can apply.
5. You should be of legal age. The card will not be issued to minors.
6. You should not be marked as a defaulter. The party and individual should not be a defaulter to any bank or financial institution.

Canara Bank Kisan Credit Card Margin Requirements

The margin for the Canara Bank Credit Card is as follows.

Canara Bank Kisan Credit Card Security Requirements

In order to get a Kisan Credit Card sanctioned, security needs to be offered to Canara Bank. The following are the security options available.

The hypothecation of the crops or assets refers to anything created or bought out of the finance received from the Canara Bank Kisan Credit Card.

How to Apply for Canara Bank Kisan Credit Card?

You can apply for a Kisan Credit Card from Canara Bank using any of the following methods.

1. You can visit the Canara Bank website and apply online. You can track the status of your credit card application online.
2. You can visit the nearest Canara Bank Branch.

Other Agricultural Products/Schemes offered by Canara Bank

Canara Bank offers a wide range of agricultural and related schemes to individual agriculturist, corporates, firms, and NGOs who are engaged in agriculture and allied activities.

1. Crop Loans
2. Krishi Mitra Card Scheme
3. Canara Kisan Od
4. Kisan Suvidha Scheme
5. Kisan Tatkal
6. Kisan All-Purpose Term Loan
7. Pumpset Loans
8. Farm Development Loan
9. Farm Forestry Loans
10. Development Loans for Farm Level Storage Structures
11. Development Loans for Plantation/Horticulture
12. Drip/Sprinkler Irrigation Loans
13. Financing Solar Pumps for Irrigation
14. Farm Machinery Loans
15. Scheme For Financing Agriculturists-For Purchase of Vehicles
16. Beekeeping (Apiculture)
17. Raising Cross Breed Heifers
18. Bullock/Camel/Cart Loan
19. Dairy Loans
20. Sheep & Goat Rearing Loan
21. Piggery Loan
22. Poultry & Duck Rearing
23. Estate Purchase Loan (EPL)
24. Lending To Micro Credit Groups (Mcg’s)
25. Scheme For Financing Setting Up of Agri Clinics / Agri Business Centres
26. Scheme For Redemption of Debts of Farmers From Non-Institutional Sources
27. Scheme For Financing Through Self-Help Groups (SHG)
28. Agricultural D R I Loans
29. Fisheries Loan
30. Sericulture Loan
31. Produce Loans
32. Purchase of Land for Agriculture Purpose
33. Scheme for Financing Micro Finance Institutions
34. Scheme for Providing Credit to Oral Lessees and Tenant Farmers for Raising Crops through Joint Liability Groups

Credit cards make payments easy for all expenses online and offline while offering various benefits

Find a Card >>