Kisan Gold Card

Kisan Gold Card (KGC) is a type of agricultural loan offered by the bank to farmers. It is designed to provide financial assistance for various agriculture-related expenses.

Key Features of Kisan Gold Card:

• Purpose: Used for purchasing agricultural equipment, land development, buying bullock carts, repairing agricultural machinery and even some household expenses.
• Loan amount: Usually up to Rs 10 lakh, depending on factors such as agricultural income and land value.
• Eligibility: Farmers with a good repayment history of Kisan Credit Card (KCC) or other loans are often eligible.
• Repayment: The loan is usually repaid in installments over a fixed period.
• Interest rates: %

Benefits of Kisan Gold Card:

• Flexible use: Can be used for multiple agricultural purposes.
• Possibility of higher loan amount: Compared to KCC, KGC often offers larger loan amounts.
• Supports farm development: It can be used to improve farm infrastructure and productivity.