Before the budget, everyone is expecting that the government will open its treasury for them. The agriculture sector also has a lot of expectations from the current government. According to a Business Standard report, the government may increase the credit card limit.
Budget2025: Before the budget, everyone is hoping that the government will open the treasury for them. The agriculture sector also has a lot of expectations from the current government. According to a Business Standard report, the government may increase the credit card limit. At present, the total limit of credit cards given to farmers is Rs 3 lakh. Now there is talk that the government is considering increasing this limit to Rs 5 lakh.
Limit can be increased from Rs 3 lakh to Rs 5 lakh
According to the report, an official said that the limit of Kisan Credit Card has not been increased for a long time. Due to which there is a demand to increase it. Through such budget, the limit can be increased from Rs 3 lakh to Rs 5 lakh by the government. The government can take this step to strengthen the rural economy.
Loan is available at 4%
Farmers get loan at 9 percent from the government on Kisan Credit Card. But the government gives a subsidy of 2 percent to the farmers. But on repaying the loan on time, there is a deduction of 3 percent interest. Due to which farmers get this loan at 4 percent only. Let us tell you, the credit card scheme was started in 1998. Crores of people are getting the benefit of this government scheme.
Apart from this, farmers will keep an eye on any big announcement from the government. Whether it is crop insurance scheme or Kisan Samman Nidhi Yojana, farmers are waiting for big announcements regarding these too. At present, 3 installments of 2 thousand rupees each are given under the Kisan Samman Nidhi Yojana.
