HDFC Bank launches Shaurya KGC Card for Armed Forces

By: |
August 14, 2020 2:26 PM

The Shaurya KGC Card will provide the armed forces personnel with finance for agricultural requirements like production of crop, post-harvest maintenance and consumption needs.

HDFC Bank, HDFC Bank launches, Shaurya KGC Card, Armed Forces, Kisan Credit Card , life coverThe loan facility has been designed keeping in mind the financial needs of the armed forces.

HDFC Bank Ltd today announced the launch of a 1st-of–its-kind product for the armed forces. Called ‘Shaurya KGC Card’, this product comes with never-seen-before features and eligibility criteria specially crafted for over 45 lakh Indian armed forces personnel.

The product is based on the Kisan Credit Card guidelines by the government.

The key benefits of the card are as follows:

# Life cover of Rs 10 lakh as against Rs 2 lakh for an average card

# Simple and easy documentation that doesn’t require the personnel’s physical presence to accommodate nature of his job and his availability.

The new product was launched digitally from Mumbai by Aditya Puri, Managing Director, HDFC Bank, in the presence of Rajinder Babbar, Business Head, Rural Banking Group, HDFC Bank on the eve of India’s 74th Independence Day.

Speaking at the launch, Puri said, “It’s an absolute honour to launch this product for the armed forces and their families. Coming from an Air Force family, I have seen from close quarters the sacrifices they make and hardships they go through – the personnel on duty and their families back home. I feel like my career is complete now that we’re able to do something for them. With this, we have an equally good product for armed forces brethren as we have for farmers. This is our Independence Day gift to our protectors.”

The Shaurya KGC Card will provide the armed forces personnel with finance for agricultural requirements like production of crop, post-harvest maintenance and consumption needs. They can also avail of this funding to purchase farm machinery, irrigation equipment or construct storage structures etc.

The loan facility has been designed keeping in mind the financial needs of the armed forces and can be availed by:

1. Visiting HDFC Bank Branches

2. Applying the loan through recently launched HDFC Bank e-Kisan Dhan app

3. By dialling an all India Interactive Voice Response (IVR) toll free number.

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