Kisan Credit Card is a loan scheme initiated by the Indian government for farmers to provide them with credit facilities. This scheme helps farmers to afford necessities such as seeds, fertilizers, pesticides, labor wages, and more. Farmers can benefit from this scheme as it provides them with flexible repayment options and low-interest rates.
To apply for a Kisan Credit Card, farmers have to submit certain documents to the bank. These documents are proof of identity, address, and income. The following is a list of documents required for Kisan Credit Card.
1. Proof of Identity: Farmers have to submit identity proof documents such as Aadhaar Card, Voter ID, PAN Card, Passport, and Driving License. Any of these documents will suffice as identity proof.
2. Proof of Address: Farmers have to submit proof of their residential address. They can submit documents such as Aadhaar Card, Voter ID, Passport, Electricity Bill, Telephone Bill, and Bank Statement. The address proof document should reflect the farmer’s name and address and should not be more than three months old.
3. Income Proof: Farmers have to submit income proof documents such as Land Ownership Documents, Crop Sales Receipt, Warehouse Receipt, and other income sources. These documents will help the bank determine the credit limit for the farmer.
4. Land Ownership Documents: Farmers have to submit land ownership documents such as Pattadar Passbook, Land Registration Certificate, and Property Tax Receipt. These documents will prove that the farmer is the owner of the land and is eligible to apply for a Kisan Credit Card.
5. Passport Size Photographs: Farmers have to submit passport size photographs. These photographs will be used for documentation purposes.
6. Bank Account Details: Farmers have to submit their bank account details. Bank account details are mandatory as it helps farmers to avail of loan facilities and also helps in the loan repayment process.
In conclusion, farmers have to submit necessary documents to avail of a Kisan Credit Card. These documents are crucial as they help banks to assess the farmer’s eligibility for the scheme. Farmers should ensure that they submit all the necessary documents along with the application form to avoid any delay or rejection of the application.