Kisan Credit Card (KCC) — India's Most Important Farm Credit Tool
The Kisan Credit Card gives farmers a revolving credit limit based on their land holding and crop cycle. Interest rate is 7% p.a. but the government gives 3% interest subvention — making the effective rate just 4% p.a. for timely repayers. This is among the lowest loan rates available in India for any purpose.
KCC Feature
Details
Interest rate
7% p.a. (4% effective after 3% govt subvention for timely repayers)
Maximum loan
Rs 3 lakh (short-term crop loans under interest subvention)
Who can apply
All farmers — owner cultivators, tenant farmers, sharecroppers
PM-KISAN — Rs 6,000 Per Year Direct to Farmer Account
PM Kisan Samman Nidhi gives Rs 6,000 per year in three instalments of Rs 2,000 each directly to the bank accounts of eligible farmers. Over 11 crore farmers currently receive this benefit. The scheme requires annual eKYC renewal.
Check your PM-KISAN status: Visit pmkisan.gov.in → Farmer Corner → Beneficiary Status. Enter your Aadhaar or bank account number to see which instalments have been credited.
PM Fasal Bima Yojana — Crop Insurance at Lowest Premium
PMFBY is India's national crop insurance scheme. Farmers pay only 2% premium for Kharif crops and 1.5% for Rabi crops — the government pays the remaining premium which can be 80–90% of the actual insurance cost.
For short-term crop loans up to Rs 3 lakh through the Kisan Credit Card, the government gives a 3% interest subvention making the effective rate 4% p.a. for farmers who repay on time. For other agriculture loans, rates typically range from 7% to 10.5% depending on the bank and loan type.
Visit pmkisan.gov.in, go to Farmer Corner and click Beneficiary Status. Enter your Aadhaar number, bank account number or registered mobile number. You can see which of the 3 annual instalments (Rs 2,000 each) have been credited and if your eKYC is complete.
PMFBY is compulsory for loanee farmers (those who have taken KCC or crop loans from banks) for notified crops in notified areas. For non-loanee farmers, it is voluntary. The scheme is implemented through empanelled insurance companies and the premium collection happens via the bank.
Yes. Tenant farmers, sharecroppers, oral lessees and self-help groups engaged in farming can also apply for KCC. They do not need to own land. The credit limit is based on the crop and scale of finance per acre rather than land ownership.
⚠️ Disclaimer: All scheme details are based on publicly available information from official government portals as of June 2026. Eligibility criteria, subsidy amounts and benefit levels may change. FinMandi is an independent information platform and is not affiliated with the Government of India or any bank. Always verify current details on official portals before applying.