Kisan Credit Card (KCC) / Modified Interest Subvention Scheme
Short-term crop loans at an effective 4% interest on prompt repayment, with collateral-free credit up to Rs 2 lakh.
About this scheme
The KCC scheme, introduced in 1998, gives farmers timely and adequate institutional credit for cultivation, post-harvest expenses, consumption needs and allied activities including dairy, poultry and fisheries. Under the Modified Interest Subvention Scheme (MISS), the government provides 1.5% interest subvention to lending institutions so farmers get short-term loans at 7% per annum, plus a 3% Prompt Repayment Incentive that brings the effective rate down to 4%. Effective 1 January 2025 the collateral-free limit was raised from Rs 1.6 lakh to Rs 2 lakh, and Union Budget 2025-26 announced raising the MISS loan limit from Rs 3 lakh to Rs 5 lakh. Operative KCC credit has crossed Rs 10 lakh crore across about 7.7 crore farmers.
Benefits
- Short-term credit at a concessional 7% interest rate
- Effective 4% interest after the 3% Prompt Repayment Incentive
- Collateral-free loan up to Rs 2 lakh per borrower
- Loan limit under MISS enhanced from Rs 3 lakh to Rs 5 lakh
- Valid for 5 years with flexible withdrawal and built-in crop loan and asset cover
- Extended to animal husbandry, dairy and fisheries
Who can apply
- Owner-cultivators, tenant farmers, oral lessees and sharecroppers
- Self Help Groups and Joint Liability Groups of farmers
- Farmers engaged in animal husbandry, dairy, poultry or fisheries
- Applicant must be 18 to 75 years of age; a co-borrower is required above 60
Documents required
- Aadhaar card
- PAN card
- Land ownership record or tenancy proof
- Passport-size photographs
- Bank account details
- Crop and sowing details
How to apply
- 1Apply at any commercial bank, regional rural bank or cooperative bank branch, or online through the bank's portal
- 2Fill the common single-page KCC application form
- 3Submit identity, address and land documents for verification
- 4Bank appraises the credit limit based on scale of finance and land area
- 5KCC / RuPay debit card is issued on sanction
Important dates
- Application window
- Open throughout the year
Available in: All India
Visit the official portal