SBI Kisan Credit Card: Eligibility, Benefits, and Loan Interest Rate

The State Bank of India is one of the largest public sector banks in the country that offers a wide range of banking and financial services to customers. SBI has launched the SBI Kisan credit card to the farmers to offer loans at a low interest rate and adjustable tenure. The SBI Kisan Credit Card is highly beneficial to the farmers that aids in getting loan amounts at low-interest rates. Here is everything you need to know about the SBI Kisan Credit Card, its benefits, application process, eligibility details, and more. Check it out!

SBI Kisan Credit Card

SBI Kisan Credit Card is an exclusive scheme offered to the farmers to sanction a required loan at low-interest rates. Based on the emergency expenses, crop production, allied agricultural activities of the farmers, and more, SBI offers the loan through the Kisan Credit Card scheme.

SBI Kisan Credit Card
Source: SBI.CO.IN (SBI Kisan Credit Card)

The farmers can go through a simple documentation process to acquire the loan. The bank will assess the short-term credit limit for the first year depending on the crops grown, as per the quantum of finance and cropping pattern projected. The farmers who are seeking to apply for a loan for purchasing implements and equipment for crop production can get the Kisan Credit Card. 

SBI Kisan Credit Card Eligibility

Here are some of the eligibility conditions that the individuals need to meet before applying for the SBI Kisan Credit Card. Check it out!

  • The farmers who are joint cultivator owners, tenant farmers, individuals, oral leases and share croppers, and more can apply for the SBI Kisan Credit Card. 
  • The Joint Liability groups and self-help groups along with the tenant farmers are also eligible to apply for SBI Kisan Credit Card. 

SBI Kisan Credit Card Features and Benefits

Check the list of benefits and features of the SBI Kisan Credit card provided below:

Earn Interest

The credit cardholders can get an interest on the credit balance maintained in their Kisan credit card account. The farmers can get 2% per annum interest subvention on loans up to Rs. 3 lakh. Besides this, the customers can also get an additional interest subvention of about 3% pa on timely repayments.

Credit Limit

The credit limit for the farmers also includes their household expenses, maintenance costs of their farm and farm assets, crop insurance, personal accident insurance, asset insurance, and post-harvest needs. Every year, SBI will revise the credit limit. Usually, an increase of 10% will be done by the SBI.

Loan Amount 

The loan amount sanctioned to the farmer will be considered based on the cultivation cost, expenses incurred post-harvesting, and some other maintenance costs.

Crop Insurance

The bank will provide crop insurance to all SBI Kisan credit cardholders who sowed specific crops in selected locations, as per the National Agricultural Insurance Scheme.

Processing Fee

State Bank of India will waive the processing fees for the loans sanctioned for an amount of about Rs. 3 Lakhs.

Debit Card

The Kisan Credit cardholders will get a Debit Card or ATM card to make specific transactions such as withdrawals from their KCC accounts at PoS and ATM centers.


For credit limits up to Rs. 1 lakh and for credit limits up to Rs. 3 lakhs, the bank does not provide security in case there is a tie-up arrangement made for loan recovery.

Loan Repayment

  • For single Kharif crop loans, repayment can be done within 31st January.
  • For single Rabi crop loans, repayment must be done within 31st July.
  • For long-term crop loans, repayment must be done through the year, from the date of disbursement.
  • For multiple rabi/Kharif/double-crop loans, repayment must be done within 31st July.

Annual Renewal

Every Kisan Credit Card account must be renewed every year before the last date. This way, the customers can get the assigned credit limit. For the whole period of 5 years, the farmers must do the renewal. Before the expiry date, the cardholder must give a revival letter or declaration to the SBI. Once the renewal is done, the revision of the Maximum Drawal limit will be calculated based on the projected cropping pattern and the location confirmed by the borrower.

SBI Kisan Credit Card Loan Interest Rate

The SBI Kisan credit card loan interest rate will be based on the loan amount sanctioned to the farmers. For a loan amount up to Rs. 3 Lakhs, an interest rate of 11.30% [Base Rate +2.00%] will be imposed on the cardholder. For a loan amount of Rs. 3 lakhs to up to Rs. 5 Lakhs, the interest rate will be 12.30% [Base Rate + 3.00%]. For a loan amount ranging between Rs. 5 Lakhs and Rs. 25 lakhs, the interest rate will be 13.30% [Base Rate + 4.00%]. 

If the Indian Government offers a 2% subsidy to the State Bank of India, the farmers who acquired short-term crop loans for an amount of up to Rs. 3 lakhs will be charged a fixed rate of interest of about 7%.

Documents Required to Apply for SBI Kisan Credit Card

Check the list of documents required for the SBI Kisan Credit card online apply.

For Identity Proof

  • Aadhaar Card
  • Passport
  • Driving License
  • PAN Card
  • Voter ID Card
  • Government-approved photo identity

For Address Proof

  • Aadhaar Card
  • Passport
  • Utility Bills [Latest 3 months]
  • Other government approved address proof

How to Apply SBI Kisan Credit Card

If you are seeking to apply for the kisan credit card apply online SBI, you need to know few details. The individuals who are planning to apply for this Credit Card need to visit the nearest SBI branch. The applicants need to download the SBI Kisan credit card application form pdf from the official website of SBI. Otherwise, the applicant can get the application form at the nearest SBI bank branch. After filling the application form with vital details, the applicants can submit the form at the SBI branch. The corresponding loan officer will review the application form and then sanctions the loan amount. Once the customers get their SBI Kisan Credit Card, they can start using the loan amount for their agricultural needs. The applicants who have any kind of issues or queries about their card can contact the SBI Kisan credit card helpline number. 


That’s all! This is everything you need to know about the SBI Kisan credit card. We assume this guide has given enough information about the application procedure, loan interest rates, eligibility details, and more. If you have any doubts, drop your queries in the comments space. To get more updates about the latest SBI credit card, and banking services, stay tuned to our website

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