Kisan Credit Card: Many excellent schemes are being run to make farmers financially strong and strong. If farmers want to do some work and the budget is not passed, then do not worry. We are going to tell you about the Kisan Credit Card. Kisan Credit Card is a public welfare scheme. Under this scheme, a loan of up to Rs 5 lakh is now given.

Earlier, the limit of the Kisan Credit Card was Rs 3 lakh. Sensing the need of the farmers, the central government increased it by Rs 2 lakh to Rs 5 lakh. The UP government has run a campaign to make farmers aware to connect with this scheme. A loan of up to Rs 5 lakh can be availed at a very low interest rate. You can know the speciality of the Kisan Credit Card below.

At what interest rate is the loan available

Under the central government scheme, the Kisan Credit Card, a loan is given for a short period. Under this scheme, farmers are getting a loan of up to Rs 5 lakh. In this, a loan of Rs 3 lakh is available for crop, and a loan of up to Rs 2 lakh is available for work related to agriculture. Its interest rate from the government is 7 per cent.

The government offers short-term loans to farmers through the Kisan Credit Card at a 2 per cent interest subsidy and 3 per cent interest. 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 9 per cent.

The government provides a 2 per cent interest subsidy and a 3 per cent timely payment bonus in this scheme. Due to this, farmers have to pay a total interest of only 4 per cent. That means for a loan of Rs 5 lakh, every year, 20 thousand rupees will have to be paid as interest.

How to apply?

Farmers can first go to the official website of the bank of their choice.

After this, you will see the Kisan Credit Card on the home page.

Then, as soon as you click on Kisan Credit Card, the option for application will be visible.

After this, as soon as you click on Apply, a new page will open.

Then fill in all your details and click on submit.

Then you will see the application reference number.

If eligible, the bank will contact you within 5 days.