PM Kisan Credit Card: Union Finance Minister Nirmala Sitharaman today presented the general budget for the financial year 2024-25. In this budget, special attention was given to farmers. Farmers got many gifts in the budget. One of the good news came regarding PM Kisan Credit Card. The Finance Minister said that Jan Samarth based Kisan Credit Cards will be issued in five states of the country.
Kisan Credit Card Scheme provides loans to farmers at low interest. This short term loan helps in meeting the financial needs of the farmers. Due to low interest rates, farmers have to pay less interest on the loan. Kisan Credit Card Scheme was started to provide financial assistance to farmers for agricultural work. Under this scheme, farmers get a loan of up to Rs 3 lakh at an interest rate of 4%. This loan is much cheaper than the loan farmers get from money lenders. Farmers get loans easily under the Kisan Credit Card Scheme.
Productivity and adaptability in agriculture sector🌾
Digital Public Infrastructure (DPI): Digital survey of Kharif crops will be conducted using DPI in 400 districts of the country #UnionBudget2024 #Budget2024 #BudgetForViksitIndia #NirmalaSitharaman @ChouhanShivraj@nsitharaman https://t.co/SKse2AoQ69
— Agriculture INDIA (@AgriGoI) July 23, 2024
You get these benefits
Farmers use this card to avoid heavy interest. The eligibility age for Kisan Credit Card is 18 to 75 years. Under the Kisan Credit Card Scheme, coverage of up to Rs 50,000 is given in case of death or permanent disability and coverage of up to Rs 25,000 for other risks. A savings account, smart card and debit card are also provided to eligible farmers under this scheme. This credit remains valid for 3 years and farmers can repay their loan after harvesting the crop.
How to apply for Kisan Credit Card online
First of all the farmer has to visit the website of the bank from which you want to get the card. Then choose the Kisan Credit Card option and click on Apply. An application form will open which you have to fill. After submitting the form the bank will contact you and verify your details. After verification you will get your Kisan Credit Card.
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