Punjab and Sind Bank offers Kisan credit cards which farmers can avail to enjoy various benefits including loans so that they can have capital in order to expand their business. We will have a look at the credit cards for farmers which they can avail from Punjab and Sind Bank.
Farmers can avail this credit card scheme so that they can be provided with a credit line which they can use to grow their crops and avail themselves of other credit requirements.
Category | Details |
Eligibility criteria | Farmers, SHG/JLG can avail this scheme. |
Margin | Nil |
Credit limit | Up to Rs.2 lakh per acre |
Fees and charges | Nil up to a limit of Rs.3 lakh |
Interest rate | For a credit limit of up to Rs.3 lakh the interest rate is 7%For a credit limit above Rs.3 lakh and up to Rs.10 lakh the rate of interest is MCLR + 2% |
Security | Nil up to Rs.1.6 lakh |
Given below are the steps you will have to follow in order to apply for the KCC scheme:
Farmers who are engaged in animal husbandry and fisheries can apply for this credit scheme in order to meet their short-term credit requirements.
Category | Details |
Eligibility criteria | Farmers, SHG/JLG involved in dairy, poultry, fisheries, and similar activities can avail this scheme. |
Margin | Nil |
Credit limit | As per the need of the farmer |
Fees and charges | Nil up to a limit of Rs.3 lakh |
Interest rate | For a credit limit of up to Rs.2 lakh the interest rate is 7%For a credit limit above Rs.2 lakh and up to Rs.10 lakh the rate of interest is MCLR + 2% |
Security | Nil up to Rs.1.6 lakh |
Given below are the steps you will have to follow in order to apply for the KCC scheme:
The Punjab and Sind toll-free number is 1800 – 419 – 8300.
Yes, you can visit the nearest Punjab and Sind bank branch to apply for the KCC scheme. Make sure you have all the documents in place.
No, the application process is completely free of charge.
Yes, you can apply for the KCC scheme provided you meet the other eligibility criteria.
The bank may charge a processing fee of up to 1% of the loan amount. The processing fee will depend on the type of loan scheme and the loan amount availed.
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