The Modi government at the center has run many schemes for the benefit of farmers. Kisan Credit Card (KCC) is one of them.
Through this card, the farmers of the country can take loans from banks at a cheaper rate for agricultural related work. Having this card is a must for every farmer. A credit card of any farmer can be created only if he is associated with the PM Kisan Samman Nidhi (PM Kisan Samman Nidhi) scheme and his bank account is opened under this.
How to apply for Kisan credit card in Hindi
Also Read: How To Open Sukanya Samriddhi Account with HDFC Bank?
If a farmer wants to get this credit card, then there is no need to worry about it. The process of getting a Kisan Credit Card is very easy. Some documents are required for this.
Through the Kisan Credit Card (KCC), loans worth Rs 1.6 lakh are being given to farmers without any guarantee. At the same time, farmers can take a loan of up to 5 lakh rupees through it in 3 years. Part of this has also been fixed for domestic expenditure.
Banks issue Kisan Credit Card (KCC). This credit card can be issued to those farmers who already have an account with PM Kisan Samman Nidhi. Therefore, farmers who do not have an account in this fund, first have to open an account in it.
The first motive of the government behind issuing the Kisan Credit Card is to provide loans to the farmers at a cheaper rate to purchase agricultural related things like manure, seeds, pesticides, etc. Very little interest is charged on the loan given under this scheme. If the farmers repay the loan on time, then the interest rate on the loan is only 4%.
Through the Kisan Credit Card (KCC), farmers can take a short term loan of up to Rs 3 lakh in 5 years. Although the loan is available at 9 percent interest rate, but the government gives a subsidy of 2 percent on the Kisan Credit Card. In this way, the interest on this loan becomes 7 percent.
The biggest advantage of the Kisan Credit Card Scheme is that if the farmers return the loan taken through it on time, then they get a further rebate of 3%. In this way, they have to pay only 4% interest on the loan. Due to this, farmers cannot get cheaper loans elsewhere.
To get a Kisan Credit Card (KCC) first of all, it has to go to its official website https://pmkisan.gov.in/. After downloading the form of Kisan Credit Card from here, you will have to fill the documents of your land and information about the growing crop. Along with this, we have to give this information that you have not made any other Kisan Credit Card from any other bank. After filling and submitting the application, you will get the Kisan Credit Card process from the respective bank after the completion.
Kisan Credit Card (KCC) can be availed from any Co-operative Bank or Regional Rural Bank (RRB). This card can also be taken from State Bank of India (SBI), Bank of India (BOI) and IDBI Bank (IDBI Bank). National Payments Corporation of India (NPCI) issues RuPay Kisan Credit Card (RuPay KCC).
The validity of Kisan Credit Card (KCC) is 5 years. Under this, loans up to 1.6 lakh rupees are now being provided without any guarantee. Earlier this limit was 1 lakh rupees. Notified crops on all Kisan Credit Card loans are covered under crop insurance in the notified area.
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Rajveer