Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • Lakshmi Vilas Kisan Credit Card

    The LVB Kisan Credit Card was launched to provide aid to all farmers. This kisan credit card will help them make short-term payments for raw materials, labour, and other requirements. Owning this card will help them sail through critical months without affecting their personal finances.

    Key Highlights of the Lakshmi Vilas Kisan Credit Card

    • You can get assured credit facilities for three years.
    • The interest for this card ranges from PLR 2.5% to 1.0%.
    • Avail cheque facilities for limits more than Rs. 50,000

    Features and Benefits of the Lakshmi Vilas Kisan Credit Card

    Credit Benefits

    • Get up to Rs.10 lakh (You can visit the LVB website to check the conditions that apply).
    • You can get assured credit facilities for three years.
    • Get flexible repayment terms with this card.

    Interest Rate Benefits

    • The interest for this card ranges from PLR 2.5% to 1.0%.
    • You can earn interest on your credit balances.

    Insurance Benefits

    • You will be covered by Personal Accident Insurance Coverage (up to Rs.50,000).
    • A few notified crops will be insured under the National Agricultural Insurance Scheme when you get this card.

    Cheque Benefits

    • Avail cheque facilities for limits more than Rs. 50,000

    Eligibility Criteria of the Lakshmi Vilas Kisan Credit Card

    • All literate farmers who are between 25 and 65 years old can apply for the Lakshmi Vilas Kisan Credit Card.
    • Farmers who are accountholders of this bank for a minimum of 1 year are eligible for this card.
    • Farmers who cultivate on their own (family) land which has assured irrigation facilities like a tank, canal, bore well and open well.

    FAQs

    1. Can I earn any interest with this card?

      Yes, you can earn interest on your credit balance.

    2. How is premium dealt with when it comes to insurance?

      The amount of premium will be split between the farmer and the bank (1: 2 ratio).

    3. How long is the credit tenure?

      With the Lakshmi Vilas Kisan Credit Card, you will get credit facilities for three years.

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