Kisan Credit Card (KCC) Update: Finance ministry has increased the limit for KCC loan amount from rs 3 lakh to 5 lakh rupees in the budget 2025. Now farmers are able to get additional amount from the government to start their agriculture business. If you are also living in India and having Kisan credit card then you can avail the benefits of 5 lakh loan in 2025. Check this article to know the detail information of the new KCC loan of 5 lakh rupees 2025 including the eligibility criteria, application procedure, interest rate etc.
KCC 5 lakh loan in budget 2025
The finance minister, Nirmala Sitharaman has announced the financial budget of 2025 on 1 February 2025. During the presentation of the budget, she announced to increase limit of the loan from 3 lakh to 5 lakh rupees for KCC holders. It is very beneficial for those formula who want to start their new agriculture business or want to scale up the business with financial assistance from the government. Farmers are already getting 3 lakh rupees loan using their KCC card from any bank across the country but now the increase limit of the amount will give more benefits.
Important Dates
However the finance minister announced the increment in loan amount during presenting the budget on 1st February 2025, but the program will be implemented from new new financial year of 2025-26 on 1 April 2025. So till now farmers can get only 3 lakh rupees loan amount and after starting the program they will able to get maximum 5 lakhs accordingly.
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Interest rates on KCC loan in 2025
Usually banks are offering Kisan credit card loan to the farmers with 9% interest annually. But the government is providing two percent subsidy on the loan so beneficiaries are only required to pay 7% interest rates. However if you successfully repay your previous amount to the bank and applying for the new loan then you will get subsidy of extra 3% and will only required to pay 4% interest over your loan. So if you are
Benefits for farmers
As per reports, more than 7.4 crore people have been applied in KCC program and get the loan from different Banks. Now you expected to increase more than 2.5 lakh applications under the program to apply for 5 lakh rupees loan.
It was started to help farmers to provide a financial assistance to start agricultural activities and dairy products business. Now most of the farmers are using KCC for transaction and loans facilities.
Eligibility criteria for Kisan Credit Card Loan
Applicants are required to fulfill all the important criterias which are listing in this section to get the loan amount of rs 5 lakh rupees from KCC:
- Only Indian citizens are eligible to apply in Kisan credit card rs 5 lakh loan in 2025
- Minimum age of the applicant should create least 18 years old. However the maximum age should not be more than 75 years while competing the loan tenure.
- Individuals who have crossed the age of 60 are required to apply with coapplicant whose age should be less than 60 years old.
- It is also important for co applicant to be legal family member of the KCC card holder.
- The applicant should have their own land to apply for the loan in KCC program.
It is also important to not have any other loan amount due on the applicant from any bank at the time of applying for 5 lakh KCC Loan 2025.
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How to Apply for Kisan Credit Card Loan
Kisan credit card loan facilities are offering all banks and financial companies in India to their customers. Most of the banks are offering online KCC loan to customer where you can follow the following step by step guideline to submit the application:
- First of all you need to visit on the official website of the bank which is offering KCC loan
- Now you will reach on the new page where you have to click on loan section and select the KCC loan program
- Now you will reach on the new page where you have to click on apply now link
- It will ask you to enter your bank account details and KCC card information.
- After that, the application form the open on the screen where you need to provide your personal details and loan amount details
- It will ask you to create your EMI and will show you the terms and conditions of the loan amount
Once you check all the details, you have to upload all your documents and click on the submit link. So the application form will be successfully submitted and you need to wait for the approval of the application. Bank will soon contact to you for personal verification and will allow the loan amount accordingly.
Frequently Asked Questions (FAQs)
What is Kisan Credit Card?
The Kisan Credit Card (KCC) is a financial scheme in India designed to offer loans to farmers for supporting agricultural activities.
When was the Kisan Credit Card first introduced?
The scheme was introduced in 1998 by the Ministry of Agriculture and Farmers’ Welfare.
What is latest update for Kisan Credit Card in 2025?
The latest update is that Kisan Credit Card loan limit increased to Rs. 5Lakh in Budget 2025.
How much interest on KCC after 1 year?
Interest rates of 7% per annum for amounts up to Rs. 3 lakhs. Dependent on the government’s provision of interest subsidies* for amounts exceeding Rs. 3 lakhs, as per applicable terms and conditions.
How do I verify the balance in my KCC account?
Log in to your SBI account to view the loan details. You can also contact SBI Bank’s customer care department to inquire about your KCC account balance. The toll-free helpline is available at: 1800 11 2211