The Modi government has set a target of extending the benefit of Kisan Credit Card to 2.5 crore people. Banks also understand this very well, so now SBI is planning to go to villages and set up camps. Crores of farmers will benefit from this scheme of SBI
Delhi: Modi government is making every effort to get the benefit of Kisan Credit Card to more and more farmers. Till now 1.5 crore farmers have got KCC built. Modi government wants to benefit 2.5 crore farmers. To fulfill this goal of the Modi government, SBI has come up.
SBI will reach your village
The country’s largest public sector bank, SBI, has prepared a new scheme to reach crores of farmers. According to the information, SBI will go to the villages and organize camps and explain the KCC to the farmers. Soon, SBI employees will go to the villages under this scheme and explain the benefits of KCC to the farmers.
KCC is very beneficial for farmers
If you are also a farmer and you have not yet made a Kisan Credit Card, then we are explaining the benefits of Kisan Credit Card to you. With the Kisan Credit Card, farmers get loans at very cheap interest rates. Through the Kisan Credit Card, the farmers make easy arrangements for their farming needs. Earlier, farmers had to take money from moneylenders to meet their requirements, whose interest rate is very high. Farmers ‘land was also used to be used for non-payment of money, but now the farmers’ credit card has got reduced in the trap of moneylenders.
Special features of SBI’s KCC
- Interest is given at the rate of savings bank on the credit balance in the KCC account.
- All KCC card holders are given free ATM-Debit Card (State Bank Kisan Card).
- Interest rebate at the rate of 2% per annum for loan amount up to Rs. is available
Also Read: EPF: 62,500 crores deposited in EPF accounts of fat salaries, hence new tax?
Target to give 16 lakh crore loan to farmers
In the budget, the Modi government has taken a big decision in the interest of farmers. For farmers, the Modi government has increased the loan limit to 16 lakh crores, so that more and more farmers can get its benefit. Generally, loans for farmers are available at 9% per annum. For short term farmers get loan at 7%. You get an additional benefit of 3% per annum on repayment of loan on time. Overall, farmers get loans at very low, ie 4-5% per annum.
