The Government of India has planned to waive the Kisan Credit Card (KCC) loan of 12 crore farmers, announcing a major relief for the farmers. This step has been taken with the aim of strengthening the agricultural sector of the country and to rescue farmers from economic crisis. Under this scheme, the debt of farmers who have taken the KCC loan for agricultural work and who fulfill the eligibility criteria.
In this article, we will discuss in detail the process of all aspects of this scheme such as eligibility, profit, application process and name checking. Also, we will also know how effective this plan is and what is its real purpose.
About KCC Loan Waver Scheme 2025
The main objective of Kisan Credit Card Loan Waiver Scheme 2025 is to free farmers from their financial burden. This scheme is especially for farmers who are unable to repay the debt or whose economic condition is weak.
Overview of the scheme
| Name of the scheme | KCC loan waiver scheme 2025 |
| Launch date | 10 April 2025 |
| Number of beneficiaries | 12 crore farmers |
| Debt waiver limit | Up to ₹ 2 lakh |
| Target area | Agricultural and affiliated activities |
| Eligibility age limit | 18 years or more |
| Way to get profit | Check online list |
What is KCC loan waiver scheme?
The Kisan Credit Card (KCC) scheme was launched by the Government of India so that farmers could get cheaper and timely loans for agricultural work. Now under this scheme, the government has decided to waive agricultural loans up to ₹ 2 lakh.
The main objective of this scheme:
- Economic stability: To improve their economic condition by giving relief to farmers from financial crisis.
- Development of agricultural sector: Providing access to better resources and facilities.
- Debt -free farmer: To make small and marginal farmers self -sufficient.
Eligibility Criteria
The following eligibility criteria must be met to avail this scheme:
- Residence Proof: The beneficiary farmer should be a resident of the concerned state.
- Nature of debt: Only the loan taken for agricultural work will be waived.
- Age limit: The age of the farmer should be at least 18 years.
- Debt amount: The total loan should be ₹ 2 lakh or less.
- Time limit: Only those loans that have not been repaid within the stipulated time limit will be eligible.
How to check your name in the list? (How to check your name in the list)
The government has released the beneficiary list of this scheme online. You can check your name by following the following steps:
- Go to the official website: Open the official portal released by the government.
- Click on the “Loan Waver Status” option.
- Choose state and district: Fill information about your state, district, village etc.
- Press the search button: After filling all the information, click on the search button.
- Check the name: If your name is in the list, your debt will be waived.
Benefits of the Scheme
Farmers will get the following benefits from this scheme:
- Small and marginal farmers will get relief from financial crisis.
- Agricultural production will improve as farmers will be able to cultivate without stress.
- With the subsidy at interest rates, cheap loans will also be available in future.
- Economic activities will increase in rural areas.
Key Features of KCC Scheme
- Low interest rate: Only 4% annual interest rate applies to KCC loan.
- Flexible Payment Terms: Payments can be made according to harvesting or sales period.
- Additional Benefits: Payments paying on time get additional 3% interest rebate.
Application Process
If you want to take advantage of this scheme, then the application process is:
- Go to your nearest bank branch or apply online.
- Submit the required documents such as identity cards, land records and passport size photos.
- Fill the application form and hand over to the bank officer.
- You will be informed if the application is approved.
Necessary documents:
- Aadhar card or voter ID
- Land ownership certificate
- Passport Size Photo
- Bank account statement
KCC Debt waiver scheme: What is the truth? (Reality of the scheme)
Although this news is in discussion in many places that the government has waived the debt of 12 crore farmers, but this has not been confirmed officially yet. It is possible that it is a rumor or limited to a particular state or region.
Disclaimer:
This article is written only for the purpose of providing information. Please get information from official sources and seek expert advice before any decision.
