Kisan Credit Card (KCC) scheme is useful for small farmers, agricultural loan up to Rs 1.6 lakh without guarantee
new Delhi. The Modi government has approved a cheap loan of Rs 89,810 crore on the KCC-Kisan Credit Card. On repaying this loan on time, only 4 percent interest will be charged annually. Finance Minister Nirmala Sitharaman said that farmers will get a lot of help in this kharif sowing. The government had announced a concessional loan of Rs 2 lakh crore to 2.5 crore farmers, fishermen and people associated with animal husbandry through KCC under the economic relief package of Rs 20.97 lakh crore.
Kisan Credit Card (KCC) is a very important scheme for small farmers. Through this, loans worth Rs 1.6 lakh are being given to farmers without any guarantee. At the same time, farmers can take loans up to Rs 5 lakh through this in 3 years. The interest rate in this card is also very low at 4 percent per annum. Now it has also been linked to PM Kisan Samman Nidhi. If you also want to take advantage of the scheme, then it is important to keep all the necessary information about it.
111 lakh KCC issued- Finance Minister Nirmala Sitharaman has tweeted that as of July 24, 2020, out of a concessional loan of Rs 2 lakh crore under the Self Dependent India Package, a total loan of Rs 89,810 crore has been approved on 111.98 lakh Kisan Credit Cards. This will benefit fishermen and dairy farmers. He said that till June 30, loans worth Rs 62,870 crore had been approved to 70.32 lakh KCC holders.
Know all the things related to how to get a Kisan Credit Card …
Through the Kisan Credit Card, farmers can take a short-term loan of up to Rs 3 lakh in 5 years. Although the loan is available at the rate of 9 percent, but the government gives a subsidy of 2 percent on it. In this sense, it was 7 percent. On the other hand, if the farmer returns this loan on time, he gets a further rebate of 3 per cent. That is, on this condition, he has to pay only 4 percent interest on the loan.
The validity of the Kisan Credit Card is 5 years. Loans up to Rs 1.6 lakh are now being guaranteed without guarantee. Earlier this limit was Rs 1 lakh. Notified crops / notified areas on all KCC loans are covered under crop insurance.
How to apply – For this, you have to first go to the official site https://pmkisan.gov.in/. Download the Kisan Credit Card form here. You will have to fill this form with the documents of your land, details of the crop.
You will also have to provide information that you have not made any other Kisan Credit Card from any other bank or branch. Submit the application after which the farmer from the concerned bank You will get a credit card. Which documents are required for ID proof: Voter ID card / PAN card / Passport / Aadhaar card / Driving license etc.
Address proof: Voter ID card / passport / Aadhaar card / driving license etc.
Where can you get this card – KCC can be obtained from any co-operative bank, Regional Rural Bank (RRB). This card can also be taken from SBI, BOI and IDBI Bank. National Payments Corporation of India (NPCI) issues RuPay KCC.