Hi buddy I am thinking to apply for State Bank Of India Kisan Credit Card, so can you here tell me some features about this

State Bank Of India grant Kisan Credit Card to provide timely and adequate credit to farmers to meet their production credit needs (cultivation expenses) besides meeting contingency expenses:

Features

Flexible repayment options
Hassle-free disbursement procedure
Single credit facility/ term loan for all agricultural requirements
Dependable and easily available credit which enables a decrease in the farmer’s interest burden.
Assists in the purchase of fertilizers, seeds, etc.
Assists in availing cash discounts from merchants/ dealers
Credit is available for a period of up to 3 years, without any seasonal appraisals.
Income from agricultural sources determines the maximum credit limit.
There is no restriction on the cash withdrawals that can be made by the Kisan Credit Card holder, as long as it is within the credit limit set by the bank.
Repayment can be made once the harvest season in over.
Lower interest rates.
Margin, security and documentation terms and conditions are similar to that applicable to agricultural advance.
Credit is made available for annual agricultural requirements and expenses.
Minimal documentation and maximum flexibility offered for withdrawal of the required funds from the Bank.
Funds can be withdrawn from any of the Bank’s branches, as per the sole discretion of the bank.

Eligibility for the loan

All farmers-individuals/Joint borrowers who are owner cultivators.
Tenant farmers, Oral lessees and Share Croppers etc.
SHGs or Joint Liability Groups of farmers including tenant farmers, share croppers etc.,

Disbursement of the Loan

As per the cultivation requirements of the crop, the loan will be disbursed in cash.
Repayment
Kharif (mono)

(1st April to 30th September) - 31st Jan
Rabi crop (mono)

(1st October to 31st March) - 31st July
Double /Multiple Crops

(Kharif & Rabi seasons) - 31st July
Long term Crops

(All round the year) - 12 months (from the date of first disbursement)

Borrowers are required to route their farm proceeds or other credits into the KCC account, with a minimum of loan amount plus interest and other charges, if any, within the repayment due date.