In the era of Corona epidemic, the Modi government at the center has given great relief to the farmers. The date of payment of loan for Kisan Credit Card (KCC) holders has now been extended till June 30.
In the era of Corona epidemic, the Modi government at the center has given great relief to the farmers. The date of payment of loan for about 8 crore Kisan Credit Card (KCC) holders has now been extended till June 30. Due to Corona, the Central Government has extended the last date for repayment of loan from 31 March to 30 June.
Farmers taking loans on Kisan Credit Card get a discount on interest rates by paying the loan till 31 March. If the farmers do not repay the loan by 31 March, then they have to pay interest at the rate of 7 percent instead of 4 percent. In view of the situation arising due to Corona epidemic, farmers have been relieved this time. If they pay the loan by June 30, then interest will be charged at the rate of 4 percent only.
While releasing the eighth installment of Rs 2-2 thousand to around 10 crore farmers under the Pradhan Mantri Kisan Samman Nidhi Yojana (PM Kisan), Prime Minister Modi said that it is a constant effort of the government that small and marginal farmers get cheaper and easier loans from banks. meet. For this, a campaign to provide Kisan Credit Card has been going on for the past one and a half years. During this time more than 2 crore Kisan Credit Cards have been issued.
Discount is available on interest
According to the Union Agriculture Ministry, KCC was provided to 1,00,78,897 farmers in 2018-19. While 1,23,63,138 KCCs were created in 2019-20. For agricultural farming, the interest rate of loans up to Rs 3 lakh taken on KCC is 9 percent. But the government gives 5 percent subsidy to the farmers. In this way, they get money at only 4 percent interest. The validity of KCC has been kept for five years.
Cheapest loan
The government has arranged for the cheapest loan for agriculture at 4 percent interest rate. That is why the Prime Minister Kisan Samman Nidhi Scheme has been linked to the KCC scheme. The form for making it has also been made available on the PM Kisan Scheme website. Farmer brothers can download the KCC form from here. It has been made free.
कोरोना काल को देखते हुए सरकार द्वारा #KCC ऋण के भुगतान/ नवीनीकरण की समय सीमा को बढ़ा दिया गया है,
जिनका ऋण बकाया है वो अब 30 जून तक ऋण का नवीनीकरण कर सकते हैं। बढ़ी हुई अवधि में 4% ब्याज पर जो ऋण मिलता है वो चालू रहेगा: पीएम @narendramodi #PMKisan@AgriGoI pic.twitter.com/vZjzysrRIv
— पीआईबी हिंदी (@PIBHindi) May 14, 2021
Benefits of Kisan Credit Card
- Guarantee is not required for taking a loan up to Rs. 1.60 lakhs.
- You can buy things related to farming from KCC. Later, after selling the crop, repay the loan.
- Now taking crop insurance has become voluntary.
- KCC is now being found for dairy and fisheries as well.
Who can take Kisan Credit Card
- Kheti – Any person connected with farming, animal husbandry and fisheries can take KCC.
- A person who cultivates someone else’s land can also take advantage.
- Minimum age should be 18 years and maximum 75 years.
- When the farmer is over 60 years of age, a co-applicant will also be employed. He should be less than 60 years of age.
Important documents
- Kheti papers i.e. revenue records.
- Aadhar for identification, photo copy of PAN card.
- Effeed for not being a borrower in someone else’s bank.
- Applicant photo
