SBI offers a special crop loan to farmers, an interest rate of only 4%, find out how to take advantage of it!


Most Indian farmers have limited resources and have to opt for loans to meet their different needs. This is why the central government, state governments and many banks offer special loan programs to farmers. Due to the economic needs of the farmers, the Modi government took a big step and announced the provision of the Kisan Credit Card (KCC) to all beneficiaries of PM KisanYojana.

Let us tell you that to date around 7 crore of Indian farmers have got KCC and are enjoying its benefits. The good thing is that farmers can get a very cheap loan of around 4% on KCC. But if they repay the loan on time, they only have to pay 4% interest. Let us know how you can get this cheap loan.

SBI offers a special harvest loan

SBI, the country’s largest bank, offers special, low-cost agricultural loans to farmers. SBI Harvest Loan is offered in the form of an SBI Kisan Credit Card (SBI KCC) to cover expenses related to crop production, post-harvest activities, etc. Loans on KCC can be used on very simple terms. This program was started to provide easy and cheap loans to farmers. Here we will learn how farmers can get SBI branch loan on KCC.

For detailed information, farmers can visit the official website of SBI;

Why is it better to take out a loan on KCC?

Farmers with KCC can get a loan from SBI at a lower rate of 4%. This information is also given on the official website of the bank. Under this program, individual landowners, as well as joint cultivators, will also get loans. Not only that, the farmer who takes rented land can also benefit. Regarding the loan facility, the government already has the necessary information on the beneficiaries of Prime Minister Kisan Yojana, so getting a loan through KCC will not be difficult.

How to benefit from an interest rate of 4%?

The interest rate on the Kisan credit card is 9%. But for the convenience of farmers, a 2% subsidy is given by the government. After that, the interest rate on the loan on KCC becomes 7 percent. Now, if farmers repay the loan within one year, they get an additional 3% discount. In such a case, the interest rate on the loan will remain only 4 percent.

Read more

SBI Farm Loans: Here’s How To Get Different Types Of Farm Loans

Benefits of taking out a loan through PM KisanYojana:

  • No collateral (security) is required on a loan up to Rs 1.60 lakh
  • Simple interest of 7% pa will be charged for one year or until the payment date
  • 2% pa interest repayment for the loan amount up to Rs. 3 Lacs
  • 3% additional interest discount on timely payment
  • In the event of non-payment on time, interest is applied at the rate of the card
  • On the KCC loan, insurance will be provided for the crop and acreage.
  • All KCC borrowers get SBI Kisan Credit Card, which is a free debit card.

KCC Program Eligibility:

  • All farmers / individuals and co-cultivators
  • Farmers, sharecroppers and oral tenants.
  • Self-help groups (SHG) or joint responsibility groups, including sharecroppers.

Documents Rrequired

  • Application form
  • Proof of identity: voter ID card, PAN card, passport, Aadhaar card or driver’s license, etc.
  • Proof of address: voter ID card, passport, Aadhaar card, driver’s license, etc.

How? ‘Or’ What To to check SBI Kisan credit card account balance?

You can log into your SBI account to verify loan details. You can also contact SBI Bank customer service to find out the balance of the KCC account.

The toll-free numbers are:



If you are unable to connect to the customer service cell through the toll-free numbers, you can try the toll-free number 080-26599990.

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