The government is doing many things to help farmers. One of them is the Kisan Credit Card. With this card, farmers can take loans at a very low interest rate. What is the age limit for farmers to apply for this card? Also, in this news, we will tell you which documents are needed.
With the Kisan Credit Card, farmers can easily get loans up to ₹3 lakh at a low interest rate. The interest rate starts from 7 percent. If the farmer pays the loan on time, they get a discount of up to 3 percent on the interest. In this way, the farmer has to pay only 4 percent interest on the loan taken through the Kisan Credit Card.
To get the benefits of the Kisan Credit Card, the farmer must be between 18 and 75 years old. The farmer should have at least 2 acres of farming land. It is also important to have a bank account. To apply, the farmer has to visit the branch of the bank.
Through the Kisan Credit Card, farmers can get money for farming needs. This loan can be used for fertilizer, seeds, farming machines, animal husbandry, and fish farming.
Important Documents
Aadhaar Card
PAN Card
Voter ID
Ration Card
Farming land papers
Bank account details