Kisan Credit Card: Many schemes are being run in the country with the aim of doubling the income of farmers. There are many schemes like PM Kisan Samman Nidhi, Kisan Credit Card. Kisan Credit Card Yojana has been started with the aim of saving farmers from the clutches of moneylenders and providing them loans at cheap rates. The special thing about this scheme is that farmers can easily get a loan of up to Rs 5 lakh. Earlier its limit was Rs 3 lakh.
To ensure that needy farmers get the benefit of KCC on time, a Mahabhiyan is being run by the Uttar Pradesh government till July 31. The state government wants every needy farmer to be linked to the credit card scheme so that more and more farmers can take a loan from the credit card and meet their farming needs. Under this scheme, farmers can take loans for many works like short-term farming, post-harvest expenses, domestic needs, animal husbandry and farm repairs.
How much loan is available on Kisan Credit Card?
Short term loans are offered to farmers through Kisan Credit Card . Farmers can get a total loan of up to Rs 5 lakh under this scheme. A loan of Rs 3 lakh is given for crops and Rs 2 lakh for farming related work. Its interest rate is 7 percent. The government gives 2 percent interest subsidy and 3 percent timely payment bonus in this scheme, due to which farmers get loans at an annual interest rate of just 4 percent. The government says that in this way farmers effectively have to pay only 4 percent interest on the loan. This is one of the cheapest agricultural loans available in the country.
Who can get Kisan Credit Card made
1 – Small and marginal farmers
2 – Landless agricultural labourer
3 – People involved in animal husbandry, fisheries, silk farming, horticulture and dairy
4 – Self Help Groups (SHGs) and Joint Liability Groups (JLGs) may also be eligible.
These documents will be required for Kisan Credit Card
To apply for this scheme, you will need a voter ID, PAN card or Aadhar card. These documents may be asked from you for ID proof and address proof.
How to apply online
1 – First of all go to the website of the bank of your choice.
2 – You will see Kisan Credit Card on the home page.
3 – As soon as you click on Kisan Credit Card, the apply option will be visible.
4 – As soon as you click on Apply, you will see a new page.
5 – Fill all your details and click on submit.
6 – After this you will see the application reference number.
7 – If you are eligible, the bank will contact you within 5 days.