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PM Kisan Credit Card – Its Interest Rates, Benefits, Eligibility and How to Apply Online


As an Indian, have you ever thought about how much our farmers contribute to the country’s economy? Agriculture is one of the most significant sectors in India, and almost 60% of the population depends on it for employment. However, farming isn’t an easy task, and farmers face numerous challenges, including access to finance. The government of India has introduced a new scheme, the PM Kisan Credit Card, to help farmers overcome financial obstacles. This article discusses all you need to know about the PM Kisan Credit Card and how to apply for it.

What is the PM Kisan Credit Card?

PM Kisan Credit Card is a credit facility the Government of India offers farmers to help them meet their agricultural expenses. The card is linked to the farmer’s bank account and offers credit facilities for purchasing agricultural inputs, such as seeds, fertilisers, pesticides, etc. The card also allows farmers to withdraw cash from ATMs.

Key Benefits of PM Kisan Credit Card

The PM Kisan Credit Card scheme provides several benefits to farmers. Here are some of the key benefits:

  • Lower Interest Rates: The PM Kisan Credit Card scheme offers lower interest rates than traditional loans, making it easier for farmers to repay.
  • No Collateral: Farmers do not need to provide any collateral to avail of the PM Kisan Credit Card scheme. This benefit makes it easier for farmers to avail of credit and invest.
  • Flexible Repayment Options: The scheme provides farmers flexible repayment options depending on crop cycles and income. This flexibility allows farmers to repay the loan conveniently and as per their income.
  • Easy Access to Credit: The scheme provides farmers with easy access to credit, allowing them to invest in their crops and improve yields. This benefit helps farmers to meet their financial requirements and invest in their crops without worrying about the financial burden.
  • Easy application process: The PM Kisan Credit Card scheme can be applied online, which makes the application process easy.

Eligibility Criteria for PM Kisan Credit Card

To avail of the benefits of the PM Kisan Credit Card scheme, farmers need to meet the following eligibility criteria:

  • Farmers who own agricultural land and are engaged in farming activities are eligible for this scheme.
  • The farmers must have a bank account.
  • The farmers should have a good credit history and a repayment record.
  • The farmers should have valid documents related to land ownership and identity proof.

Steps to Apply for PM Kisan Credit Card Online

The application process for the PM Kisan Credit Card is quite simple. Farmers can Apply for a Kisan Credit Card Online by following the steps mentioned below:

  • Visit the Official Website

The first step in the application process is to visit the official website of PM Kisan Credit Card. The website provides all the information regarding the scheme, including eligibility criteria, interest rates, and benefits.

  • Click on the ‘Apply Online’ Button

After visiting the website, farmers need to click on the ‘Apply Online’ button to begin the application process.

  • Fill in the Application Form

Once the ‘Apply Online’ button is clicked, farmers will be redirected to the application form. The application form requires farmers to fill in personal details such as name, address, date of birth, etc., along with their bank account details, landholding details, and other details.

  • Upload the Necessary Documents

After filling in the application form, farmers must upload the necessary documents, including identity proof, land ownership proof, bank account details, photographs, and proof of crop insurance (if required).

  • Submit the Application Form

After uploading the documents, farmers need to submit the application form. Once the application is submitted, farmers will receive an acknowledgement receipt with a reference number.


  • Track the Application Status

Following submission, farmers can track the status of their application online using the reference number. 

  • Receive Approval and Disbursement

After the application is processed and everything goes to plan, farmers will receive approval, and the loan amount will be disbursed to their bank account. The loan amount will depend on the farmer’s credit history, landholding size, and crop cultivation details.

It is important to note that farmers must provide accurate information and upload all the necessary documents to avoid any delays in the approval process. Additionally, farmers must ensure that they meet the eligibility criteria for the PM Kisan Credit Card scheme before applying.

Documents Required for PM Kisan Credit Card

To Apply for a Kisan Credit Card Online, farmers must provide the following documents:


  • Land Ownership Proof: The farmer must have proper documentation related to land ownership, such as land records or land tax receipts. This document is essential as it proves the farmer’s eligibility for the scheme.


  • Identity Proof: The farmer must provide valid identity proof, such as a PAN Card, Voter ID, Driving License, or Passport.


  • Bank Account Details: The farmer must have a valid bank account. This detail is required to disburse the loan in the farmer’s bank account.


  • Photographs: The farmer must provide recent passport-size photographs. This document is required to verify the farmer’s identity and to process the loan application.


  • Crop Insurance: Farmers may also need to provide proof of crop insurance, depending on the requirements. Crop insurance protects the farmer if the crops are damaged by natural calamities and other uncertainties.


Final Words 

The PM Kisan Credit Card is a beneficial scheme for farmers in India. It offers financial support to farmers, allowing them to invest in their farms and improve their livelihoods. The scheme is easy to apply for with a simple application process. Farmers can apply online and track their application status through the official website. The interest rates for the scheme are low, making it an affordable option for farmers. Overall, the PM Kisan Credit Card is a step towards empowering farmers in India and improving their financial conditions.

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