One of the largest banks of the country Axis bank rolled out a new card facility for the farmers. In order to facilitate with more ease, comfort and greater number of facilities to the farmer’s, bank initiated ‘Kisan Card’ that will be help the farmers in getting agriculture loan easily through the ATMs. The kisan credit card will be linked to the farmers crop loan account.
This facility will eliminate the need to visit the bank, farmers can easily visit the nearest ATM branch and withdraw the money. Further through this facility will also offer 24X7 disbursement facility allowing them to use their loan limit by withdrawing cash up to Rs 1 Lakh per day, in the required quantum, It will also reduce the need and danger of carrying the cash money in large amount.
Executive director – retail banking , Axis bank stated that the launch this card is to assist their agrarian customers. This is step that will assist them with secure and convenient banking facilities. At present the farmers need to visit the branches to withdraw cash, now they will get rid of this problem and can get money from nearest ATM.