The Kisan Credit Card Scheme (Krishi Card) offered by Punjab National Bank focuses on solving the financial problems faced by Indian farmers. Through this scheme, farmers can get the financial support they need from the bank in the form of loan. They can use the money they get as part of this loan for cultivation purposes or for other purposes such as –
Through the Kisan Tatkal Card Yojana, Punjab National Bank provides instant credit to the farmers so that they can meet their urgent Agriculture and Domestic requirements.
To get more information about loan security, please contact Punjab National Bank.
Applicants can get a maximum loan of Rs.20 Lakhs with Punjab National Bank Krishi Card. The credit limit is fixed as per the following –
Short Term Limit for the first year is calculated by multiplying the finance scale for crops as per the District Level Technical Committee with the extent of the area that has been cultivated. On this 10 percent of limit towards household/ postharvest/ consumption requirements (here, the premium of health insurance may be covered with maximum coverage of up to Rs.3 lakhs) and 20 percent of the limit towards the expenses on maintenance and repairs of farm assets and crop insurance, asset insurance and PAIS has to be added.
The limit for the second and the subsequent years is calculated by adding 10 percent of the cost escalation limit or increase in finance scale for every consecutive year (second, third, fourth and fifth) with the limit for the first year for crop cultivation (derived from the above). Also, the estimated term loan component for investments on minor irrigation, development of land, activities related to allied agriculture and farm equipment purchase for 5 years will be added to the limit derived for the first year.
Maximum Limit – The Maximum Permissible Limit (MPL) is the result of adding the estimated long term loan requirements with the short term loan limit for the fifth year. The MPL is considered as the Kisan Credit Card Limit.
To avail a Punjab National Bank Krishi Card, a person has to meet the eligibility criteria mentioned below –
To avail a Punjab National Bank Kisan Tatkal Card, a person has to meet the eligibility criteria mentioned below –
The details of service charges on Punjab National Bank Kisan Credit card are as follows –
To get more details about service charges on Punjab National Bank Kisan Credit Card, please contact the bank.
Below is a list of other agricultural products or scheme that are offered by Punjab National Bank –
Yes, the farmers can apply for the Punjab National Bank Kisan Credit Card online using the website of the bank. Once they fill and submit their application, they will receive an acknowledgement from the bank on their email id.
Yes, the farmers can track the status of their Punjab National bank Kisan Credit Card application online. Once they submit the application form, the bank will provide them with a serial number using which they can track the application status.
Yes, if the farmers opt for a loan under the Punjab National Bank Kisan Credit Card Scheme, they will receive either a pass book or a statement of their account from the bank that will contain all the details about their loan and other charges.
The maximum limit on loan that farmers can take under the Punjab National Bank Kisan Tatkal Card Yojana is Rs.50, 000. This limit is subject to a 50 percent ceiling of the Kisan Credit Card Limit or 25 percent of the annual income.
Yes, farmers can take a loan for post – harvest expense purposes under the Punjab National Bank Krishi Card. To get the loan, they have to meet the eligibility criteria specified for this scheme by the bank.