The Kisan Credit Card Scheme 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 -
- For short – term credit needed for crop cultivation
- Household consumption requirements
- Produce Marketing
- Working capital for the maintenance of farm assets and allied agricultural activities such as inland fishery, dairy animals, etc.
- Post – Harvest Expenses
- Credit for investing in agriculture and allied activities such as sprayers, pump sets, dairy animals, etc. (the farmers taking loan for this particular purpose form the long term credit limit).
Punjab National Bank Kisan Tatkal Card Yojana:
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.
Features and Benefits of Punjab National Bank Kisan Credit Card Scheme:
Punjab National Bank Krishi Card:
Punjab National Bank Kisan Tatkal Card Yojana:
- Credit Facility – The credit facility on Punjab National Bank Kisan Tatkal Card Yojana may be given as reducing Cash Credit Limit
- Repayment – A loan limit amounting up to Rs.25, 000 can be repaid by the farmers in a period of 3 years. A loan limit amounting to more than Rs.25, 000 can be repaid in a period of 5 years
- Loan Limit – The minimum limit on this loan is Rs.1000 and the maximum limit is Rs.50, 000. It is subject to a 50 percent ceiling of the Kisan Credit Card Limit or 25 percent of the annual income
- Security – Here, the security provided for Kisan Credit Card will be continued and no extra security will be taken even if both the Kisan Credit Card and the Kisan Tatkal Card Schemes combined together values to a limit of more than Rs.1 lakh (which is the present cut – off limit)
Punjab National Bank Kisan Credit Card Eligibility Criteria:
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For Punjab National Bank Krishi Card:
To avail a Punjab National Bank Krishi Card, a person has to meet the eligibility criteria mentioned below –
- He or she has to be a farmer (Literate or illiterate) who is an owner cultivator, tenant, lessee or allottee farmer with recorded rights of occupancy or a farmer with an ancestral or perpetual right to cultivate or JLG (Joint Liability Groups)
- The oral tenants can take the loan under Punjab National Bank Krishi Credit Card only if the landowners approve to becoming co- borrowers. If the accounts of the oral tenants are secured by securities such as KVP or NSC, FDR, etc. then they do not require their landowner to be a co – borrower to get the loan
- Landless labourers, oral lessees, tenant farmers and sharecroppers can get this card for up to maximum Rs.50, 000 based on an affidavit
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For Punjab National Bank Kisan Tatkal Card Yojana:
To avail a Punjab National Bank Kisan Tatkal Card, a person has to meet the eligibility criteria mentioned below –
- An individual farmer or joint borrowers who already hold Kisan Credit Card and have a good banking record for at least 2 years are eligible to apply for loan under the Kisan Tatkal Card Yojana
- Not more than 4 farmers can jointly take the loan under this scheme
Age criteria for the PNB Kisan credit card
The age criteria for PNB Kisan credit card are as follows:
- Minimum age: 18 years
- Maximum age at the end of loan tenure: 75 years
- If the loan applicant is exceeding 60 years of age, he/she would require a co-borrower who is immediate family member or legal heir
Documents required to apply for Kisan credit card
The following documents are required to apply for Kisan credit card
- Identity proof: Passport, Aadhaar card, Voter ID, PAN card, etc.
- Address proof: Water bill, electricity bill, driving licence, etc.
- Passport size photographs
- Application form
How to Apply for Kisan credit card online?
Follow the steps mentioned below to apply for the Kisan credit card online:
Step 1: Visit the official axis bank website
Step 2: Check the option for Kisan credit card
Step 3: Click on ‘Apply’ button
Step 4: Fill in the form with the required details
Step 5: Click on Submit
Once the application is submitted, check the reference number generated by the system and note it for future use.
How can I apply for a Kisan credit card offline?
You can visit the nearest Axis Bank branch and apply for this credit card. To do so you will have to ask for the Kisan credit card application form and submit it with the required details and documents.
Punjab National Bank Kisan Credit Card Service Charges
The details of service charges on Punjab National Bank Kisan Credit card are as follows –
- The bank does not charge any processing fee for a Kisan Credit Card loan of up to Rs.3 lakhs
- An upfront fee of 0.6 percent plus the Service Tax of the loan amount is charged for a term loan which is more than Rs.5 lakhs up to Rs.25, 000
To get more details about service charges on Punjab National Bank Kisan Credit Card, please contact the bank.
Interest Rates on Punjab National Bank Kisan Credit Card
The interest rate is 7 percent on Kisan Credit Card loans of up to Rs.3 lakhs or regular crop loans
The interest rate is Base Rate + 2 percent on loans of up to Rs.20 Lakhs (this includes Kisan Credit Card loans of more than Rs.3 lakhs or regular crop loans). The Base Rate is 9.6 percent
Other Agricultural Products / Schemes offered by Punjab National Bank:
Below is a list of other agricultural products or scheme that are offered by Punjab National Bank –
- Dairy Vikas Card Scheme
- PNB Dealer Suvidha
- Credit against National Savings Certificates, Fixed Deposit Receipts and Kisan Vikas Patra to Farmers
- Scheme for Financing Dairy Development Programmes
- Scheme for Financing Setting Up Of Biogas Units
- Scheme for Financing Purchase of Animal Drawn Vehicles I.E. Carts and Draft Animals
- PNB Saur Urja Yojana (PNB Solar Energy Scheme)
- Scheme for Financing Forestry Development Programmes
- PNB Sona Krishi Rin Yojana (PNB Gold Agri- Loan Scheme)
- Scheme for Financing Development of Wasteland
- PNB Kalyani Card Scheme
- Scheme for Financing Piggery Development
- PNB Krishak Sathi Scheme (KSS)
- Scheme for Financing Minor Irrigation
- Scheme for Financing Mushroom Spawn Production
- Scheme for Financing Mushroom Cultivation
- Scheme for Financing Agriculture (Bee-Keeping)
- Scheme for Financing Sericulture
- Scheme for Financial Assistance to Agricultural Graduates for Purchase of Land and Undertaking Agricultural Activities
- Scheme for Financing Sheep Goat Breeding Rearing Activities
- Scheme for Financing Agricultural Graduates for Setting Up Of Agri - Clinics and Agri-Business Centers (ACABC)
- Scheme for Financing Fisheries Development
- Scheme for Financing Development of Horticulture (Fruits, Flowers & Vegetables) and plantation Crops
- Scheme for Financing Poultry Farming
- Scheme for Financing Green Houses
- Scheme for Financing for Repair Renovation of Tractors
- Scheme for Financing Farmers for Purchase of Trucks and Other Transport Vehicles
- Scheme for Financing Farmers for Purchase of Second Hand Tractors
- Scheme for Financing Self-Propelled Combine Harvesters
- Produce (Marketing) Loan Scheme
- Financing To Custom Hiring Service Units
- Farm Mechanisation Scheme
- PNB Krishi Bhu- Swami Yojana
- Kisan Gold Scheme
- Financing To Dealers Sellers of Agriculture Inputs
- Financing To Stockists & Distributors of Agriculture Inputs
FAQs on Punjab National Bank Kisan Credit Card
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Can the farmers apply for the Punjab National Bank Kisan Credit Card online?
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.
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Can the farmers track the status of their Punjab National Bank Kisan Credit Card application online?
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.
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Will the farmers receive a pass book if they opt for a loan under the Punjab National Bank Kisan Credit Card Scheme?
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.
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What is the maximum limit on loan that farmers can take under the Punjab National Bank Kisan Tatkal Card Yojana?
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.
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Can farmers take a loan for post – harvest expense purposes under the Punjab National Bank Krishi Card?
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.
- For what period of time is PNB Kisan credit card valid?
The PNB Kisan credit card is valid for a period of five years.
- Where can farmers use their Kisan credit card?
The farmers can use their Kisan credit card to buy fertilizers, pesticides, seeds, etc. They can also use this credit card to purchase machinery, for land development, etc.
- How much is the age eligibility criteria to avail Kisan credit card?
The minimum age required to avail Kisan credit card is 18 years and the maximum age allowed to avail the credit card is 75 years.