Kisan Credit Card Loan Calculator
Calculate your loan payments, interest rates, and repayment schedule for Kisan Credit Card with our easy-to-use calculator
Loan Calculator
Plan your agricultural financing
Loan Calculation Results
*Compared to standard agricultural loans
Understanding the Kisan Credit Card Scheme
The Kisan Credit Card (KCC) scheme is a government initiative that provides farmers with timely access to credit for their agricultural needs. Launched in 1998 by the Reserve Bank of India (RBI) and NABARD, the KCC scheme has revolutionized agricultural financing in India.
Key Benefits of Kisan Credit Card
Low Interest Rates
KCC offers interest rates as low as 4% per annum with interest subvention benefits from the government.
Flexible Repayment
Repayment is aligned with crop cycles, allowing farmers to repay after harvest.
Insurance Coverage
Accidental death and disability insurance coverage up to ₹50,000 included.
Cash Withdrawal
Functionality similar to ATM cards for convenient cash withdrawal.
Eligibility Criteria
- Individual farmers cultivating crops as owner cultivators
- Tenant farmers, oral lessees, and sharecroppers
- Joint cultivators who are co-borrowers
- Self-help groups (SHGs) or joint liability groups (JLGs) of farmers
- Farmers involved in animal husbandry and fisheries
How to Apply for Kisan Credit Card
Visit Bank Branch
Visit your nearest bank branch that offers the KCC scheme
Submit Documents
Provide necessary documents including land records and ID proof
Application Form
Fill out the KCC application form with accurate details
Receive Card
After verification, receive your Kisan Credit Card
Loan Calculation Explained
The Kisan Credit Card loan calculator helps you estimate your monthly payments and total interest payable. The calculation is based on the following formula:
EMI = [P x R x (1+R)^N] / [(1+R)^N-1]
Where:
P = Loan amount
R = Monthly interest rate
N = Loan term in months
Maximizing Your KCC Benefits
To make the most of your Kisan Credit Card:
- Use the card for all agricultural expenses to maintain a clear record
- Repay on time to maintain eligibility for interest subvention
- Review your credit limit annually based on changing requirements
- Utilize the insurance coverage included with your card
What is a Kisan Credit Card (KCC)?
It is a government scheme to provide short-term credit to farmers for agricultural needs.
How does the KCC loan calculator work?
It estimates loan eligibility, EMI, and interest based on the amount and tenure you input.
Who is eligible for a Kisan Credit Card loan?
All farmers, including small and marginal farmers, tenant farmers, and sharecroppers.
Is the KCC loan calculator free to use?
Yes, it is 100% free and available online for all users.
How much loan can I get through KCC?
It depends on the landholding, cropping pattern, and financial need.
What is the interest rate on a KCC loan?
Interest rates typically range between 4% and 9%, with subsidies in some cases.
How is the EMI calculated for a KCC loan?
EMI is calculated using the principal, interest rate, and loan tenure.
Can I calculate the subsidy using this calculator?
The calculator may estimate subsidy benefits based on the loan amount and eligibility.
What documents are required for KCC loan application?
Aadhaar card, land records, identity proof, and bank details.
Is there a limit on the KCC loan amount?
Yes, typically from ₹10,000 to ₹3,00,000 or more based on requirements.
Can tenant farmers apply for KCC loans?
Yes, tenant and oral lessee farmers are also eligible.
Is KCC available only for crop loans?
No, it also includes allied activities like dairy, poultry, and fisheries.
How do I repay my KCC loan?
Repayment is flexible and can align with crop cycles.
Are there penalties for late repayment of KCC loans?
Yes, interest penalties or reduction in subsidy may apply.
Is the loan calculator accurate?
It provides estimates based on inputs but may vary with actual bank terms.
Can I apply for KCC online?
Yes, many banks and portals like PM Kisan or SBI offer online applications.
What banks offer Kisan Credit Card loans?
SBI, PNB, HDFC, ICICI, and cooperative banks offer KCC loans.
How often should I use the KCC calculator?
Use it before applying and during repayment planning.
Can I increase my KCC loan limit later?
Yes, based on repayment history and revised needs.
Is KCC loan available under any central scheme?
Yes, under the Pradhan Mantri Kisan Samman Nidhi Yojana and other credit support schemes.
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