What you get
- 3%Repay on time and you get 3% a year off the interest on up to ₹3 lakh of KCC loan (₹2 lakh if your loan is only for animals, dairy, fish or bees).interest relief a year
- 3%If you only keep animals, run a dairy, fish or keep bees (no crop loan), the 3% on-time incentive applies to up to ₹2 lakh.interest relief a year
Who can apply
✓ Any farmer✓ Small / marginal farmer✓ Woman farmer✓ Scheduled Caste✓ Scheduled Tribe
How to apply
- Take a short-term crop or allied-activity loan through a Kisan Credit Card at a public sector bank, the rural or semi-urban branch of a private bank, a small finance bank, or a computerised PACS ceded with a scheduled commercial bank (para 2(i)).
- Make sure your Aadhaar is seeded and e-KYC is done with the bank — it is mandatory for the benefit (para 3(i)).
- Repay by the due date fixed by the bank, and within one year of taking the loan, to get the extra 3% (para 2(ii)).
Documents you need
- Aadhaar, seeded and authenticated with the bank (e-KYC)