📊 KCC Loan Calculator – Kisan Credit Card
Calculate KCC loan interest, EMI & government subsidy at 4% effective rate
📋 KCC Loan Details
🌾 Government Interest Subvention
For crop loans up to ₹3 lakh: 2% interest subvention by Government + 3% prompt repayment incentive = effective rate 4% for timely repayers (for amounts ≤ ₹3L).
📌 Eligibility
Farmers, fishermen, animal husbandry. Individual or joint borrowers.
📌 Crop Insurance
PMFBY crop insurance bundled with KCC at nominal premium.
📊 KCC Loan Results
What is Kisan Credit Card (KCC)?
Kisan Credit Card (KCC) provides farmers with timely and adequate credit for agricultural and allied activities. With government interest subvention, farmers can get crop loans at an effective rate of just 4% per annum for loans up to ₹3 lakh when repaid on time.
Key Features of KCC
| Feature | Details |
|---|---|
| Interest Rate | 7% (bank rate), effective 4% after subsidy |
| Govt Subvention | 2% interest subvention on crop loans ≤ ₹3L |
| Prompt Payment Bonus | Additional 3% incentive for timely repayment |
| Loan Limit | Based on crop pattern and land holding |
| Validity | 5 years (with annual renewal) |
| Insurance | PMFBY crop insurance included |
| Collateral | No collateral up to ₹1.6 lakh |
KCC Interest Subsidy Explained
- Bank charges ~7% interest
- Government gives 2% interest subvention → effective 5%
- If repaid within 1 year: additional 3% prompt repayment incentive
- Final effective rate: 4% per annum
Interest at 7%: ₹21,000
Govt subvention (2%): -₹6,000
Prompt repayment (3%): -₹9,000
Effective interest at 4%: ₹12,000
Savings: ₹9,000
KCC Eligibility
- Individual farmers (owner cultivators)
- Tenant farmers, sharecroppers, oral lessees
- Self Help Groups (SHGs) and Joint Liability Groups (JLGs)
- Fishermen, animal husbandry farmers (PM-Matsya KCC)
Documents Required
- Aadhaar Card and PAN Card
- Land ownership documents (7/12 extract, 8A)
- Passport size photographs
- Bank account details
- Crop sowing certificate from village officer
FAQs
Q1. What is effective KCC interest rate?
4% per annum for loans up to ₹3 lakh repaid within 1 year (after 2% subvention + 3% prompt repayment incentive).
Q2. Is collateral needed for KCC?
No collateral required for loans up to ₹1.6 lakh.
Q3. Can KCC be used for non-crop purposes?
Yes, KCC covers crop production, post-harvest, maintenance of farm assets, allied activities (dairy, fishery), and consumption needs.
Conclusion
KCC is a lifeline for Indian farmers with 4% effective interest rate and government-backed subsidies. Use our calculator to estimate your interest savings with KCC.