Calculate your KCC eligible loan limit and repayment under the Kisan Credit Card scheme. See interest at 7% rate and 4% effective rate after government subsidy.
Kisan Credit Card (KCC) is a government scheme that provides short-term formal credit to farmers for agricultural needs at subsidized interest rates. Farmers can use it like a credit card or withdraw cash for purchasing seeds, fertilizers, pesticides, and other inputs.
The KCC interest rate is 7% per annum. However, if the farmer repays within 1 year, the government provides a 3% interest subvention, making the effective rate just 4% per annum. This makes KCC one of the cheapest sources of agricultural credit.
Scale of Finance (SoF) is the credit limit fixed per crop per acre/hectare by the State Level Bankers Committee (SLBC). It is based on crop-wise input costs including seeds, fertilizers, irrigation, and labor. SoF varies by state and crop.
KCC limit = (Scale of Finance × Area × No. of crops per year) + 10% for post-harvest/household expenses + 20% for farm asset maintenance. The limit increases by 10% each year for renewal. Maximum limit for short-term loans is ₹3 lakhs under interest subvention scheme.
Documents required for KCC: Aadhaar card, PAN card, land records (Khasra/Khatauni), passport-size photos, bank account details, and a filled application form. Apply at your nearest bank branch — all scheduled commercial banks, RRBs, and cooperative banks offer KCC.