PM Kisan Yojana: The central government also provides loans to farmers at affordable rates under the Pradhan Mantri Kisan Samman Nidhi scheme. Actually, PM Kisan Samman Yojana and Kisan Credit Card Scheme are linked under the Self-Reliant India Scheme. On this Kisan Credit Card scheme, the government is providing loans to the farmers at a cheaper rate.
How much do you get loan
Under Kisan Credit Card, loans are made available to farmers at very low interest rates. Through Kisan Credit Card, farmers can take a loan of up to Rs 3 lakh. The validity of Kisan Credit Card is for 5 years.
Low interest on fulfillment of conditions
Under Kisan Credit Card, loans are given to farmers at an interest rate of 9 percent. The central government gives a subsidy of 2 percent to the farmers on this loan. If you repay the loan within the stipulated time frame, you get an additional 3% discount on the interest rate on the loan. In this way, if farmers repay the loan on time, then they have to repay the loan at the rate of only 4 percent.
You can take loan from these banks
If you want to take loan from Kisan Credit Card, then you can apply for Co-Operative Bank, Regional Rural Bank, National Payments Corporation of India (NPCI), State Bank of India (SBI), Industrial Development Bank of India. IDBI) and Bank of India for loan.
what documents will be needed
The most important condition for taking loan under Kisan Credit Card is that the farmer should be registered under PM Kisan Yojana. The farmer must have Aadhar Card, Pan Card and a passport size photograph. Apart from this, the farmer should have proof that he has not taken loan from any other bank.
Know who will get the benefit
Earlier, the benefit of Kisan Credit Card was available only to the farmers doing farming. But after the amendment in the year 2019, now people doing fish farming and animal husbandry can also apply for this scheme. To take advantage of this scheme, you can apply by visiting pmkisan.gov.in.
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