The central government is running many schemes to help people financially. But, the government is very serious about the progress of farmers. To make farmers self-reliant, the Kisan Credit Card Scheme (KCC) is being run. Under this, farmers are being given cash for plowing and buying seeds before growing the crop.
According to the Ministry of Agriculture and Farmers Welfare, the objective of the Kisan Credit Card Scheme is to provide loans to farmers at low-interest rates through the banking system for their farming and other needs. Farmers should go to the nearest bank branch today and open a Kisan Credit Card (KCC) account. Accounts are being opened under the scheme in the State Bank of India and the Post Office.
You get Rs 3 lakh at only 4% interest-
Kisan Credit Card Scheme is being run to provide loans at affordable interest rates and in easy ways to provide financial assistance to the farmers to complete agricultural work. Through this scheme, farmers can take a loan up to Rs 3 lakh at a maximum interest rate of 7 percent. The government also gives a 3 percent rebate in interest rate to the farmers who repay the loan on time. In this way, only 4 percent interest has to be paid on the loan taken under the scheme.
Kisan Credit Card loan is available for these works-
Every farmer in the country is being given the benefit of the Kisan Credit Card Scheme. The age limit for application has been fixed at 18 to 75 years. Under the scheme, loans are given for many types of agriculture-related works including fertilizers, seeds, agricultural machines, fish farming, and animal husbandry.
What should farmers do to apply for a Kisan Credit Card loan?
To avail of the benefits of the KCC scheme, the applicant farmer will have to download the KCC form from the PM Kisan Portal. Apart from an Aadhar Card, PAN Card, and a photograph, the applicant will have to enter the farming documents and their information in the form and open an account by depositing it in the nearest State Bank of India (SBI), Bank of Baroda or any other bank branch. After which the loan amount will be transferred to the concerned account.
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