5 Simple Steps to Apply PM Kisan Card for Farmers Benefit

PM Kisan scheme that provides financial assistance of Rs. 6000 per year, Government transfers the money directly into the bank accounts of farmers in three equal installments. The Kisan Credit Card is a government scheme that lets farmers borrow money from banks at concessional rates in the form of loans.

Kisan Credit Card (KCC) scheme is a credit scheme introduced in August 1998 by Indian banks. This model scheme was prepared by the National Bank for Agriculture and Rural Development (NABARD) on the recommendations of the R.V.GUPTA committee to provide term loans for agricultural needs. During the nationwide lockdown due to the Covid-19 pandemic, the Indian Government had disbursed around Rs. 18000 crores to the farmers.

Watch: Know what is Kisan Card

The aim was to help the farmers deal with the current crisis. Moreover, the PM Kisan installment was released earlier to the scheduled date for the benefit of farmers. A new report and leaked images reveal that Google is developing a similar product tentatively called “Google smart debit Card.”

Steps to apply for PM Kisan Card:

  • Apply for the card Visit official website of your bank.
  • search ‘Apply for KCC.’
  • Fill the form completely and ‘submit.’
  • You will receive an application reference number.
  • Save the number.
apply for PM Kisan Card
apply for PM Kisan Card


  • All farmers includes individuals/joint, cultivator owners, tenant farmers, oral lessees, sharecroppers.

New Farmer Registration:

If you are a new Farmer and need to register for benefits under PM Kisan, you have to go to the official website pmkisan.gov.in.

  • A page will open in which you will see an option Farmer corners, then look for New Framer registration and Click it.
  • A new window will open wherein you have to enter your Aadhar card number
  • click continue where you have to fill your details.
  • Save and submit the form.
  • The reference number will generate and save the number for future use.


Benefits of PM Kisan Card are Different banks provide various schemes with KCC. Any destructions caused due to some animal or bug attacks like locust attack on the farm products, shall bring you this benefit.

  • Flexible loan repayment options and Hassle-free loan expense procedure.
  • Single credit facility for all agricultural requirements
  • Aid in purchasing fertilizers, seeds, etc.
  • Available credit for a period of up to 3 years
  • Funds can withdraw through any of the bank’s branches.
Kisan scheme bring benefits to farmers
Kisan scheme bring benefits to farmers

Documents needed

  • Identity proof- Voter ID card/PAN card/Passport/Aadhar card/Driving License etc
  • Address proof: Voter ID card/ Passport/Aadhar card/Driving license etc.

Finance Minister Nirmala Sitharaman, on May 14, 2020, announced a concessional credit of Rs 2 lakh crore to benefit 2.5 crore farmers through the Kisan Credit Card (KCC) scheme. The Government will undertake a particular drive to provide this credit to PM Kisan beneficiaries through the Kisan Credit Card.

Moreover, the Minister also announced that the KCC scheme would now cover Fishermen and Animal Husbandry. The move expected to enable farmers to get credit at concessional rates. The interest rate on KCC varies from bank to bank.

However, most banks provide Interest subvention loans in line with the Government Schemes where the interest charged can be as low as 2.00%. KCC credit holders are included under personal accident insurance up to ₹50,000 for death and permanent disability, and up to ₹25,000 for another risk. The premium by both the bank and borrower in a 2:1 ratio.

PM-KMY another scheme for an old-age Pension for all landholding Small and Marginal Farmers (SMFs) in the country. It is a voluntary and contributory pension scheme for the entry age group of 18 to 40 years. The Scheme is effective from August 9, 2019.

It is optional and contributory for farmers in the entry age group of 18 to 40 years and a monthly pension of Rs. 3000/- will be provided to them on attaining the age of 60 years. The farmers will have to make a monthly contribution of Rs.55 to Rs.200, depending on their age of entry, in the Pension Fund until they reach the retirement date, i.e., the age of 60.

The farmers will have to make a monthly contribution of Rs.55 to Rs.200, depending on their age of entry, in the Pension Fund till they reach the retirement date, i.e., the age of 60 years. The spouse is also eligible to get a separate pension of Rs.3000/- upon making independent contributions to the Fund. The Life Insurance Corporation of India (LIC) shall be the Pension Fund Manager and be responsible for pension payout.

In the case of the farmer’s death before the retirement date, the spouse may continue in the Scheme by paying the remaining contributions until the remaining age of the deceased farmer. If the spouse does not wish to continue, the farmer’s total contribution, along with interest, will be paid to the spouse.

If there is no spouse, then total contribution along with interest will be paid to the nominee. If the farmer dies after retirement, the spouse will receive 50% of the pension as Family Pension. After the death of both the farmer and the spouse, the accumulated corpus shall credit back to the Pension Fund.

The Scheme enrollment can do through self-registration online or the Common Service Centers in various states. The registration is free of cost. There are several benefits of Kisan Credit Card that help the farmers in several ways. It not only provides long-term and short-term credit to them but also lets them easily access funds without any hassle. To Know More about Business news click here.

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