Kisan Credit Card: The government provides many facilities for farmers. Farmers should not face financial problems during farming. For this, the Kisan Credit Card Scheme is run by the government. Through this, farmer brothers get short term tenure loan at low interest.
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 percent. This loan is much cheaper than the loan farmers get from moneylenders. Under the Kisan Credit Card Scheme, farmers get loans easily and they do not have to fall into the clutches of heavy interest.
#KCC The objective of the scheme is to free small and marginal farmers from the high-interest rates charged by lenders and provide financial assistance for agriculture related expenses. Under this scheme, farmers are provided loans up to ₹ 3 lakh at an interest rate of 4%.#AgriGoI pic.twitter.com/wiHyWu9iE5
— Agriculture India (@AgriGoI) June 13, 2024
Apart from this, KCC holder farmers also get many facilities. KCC holders get insurance cover of up to Rs 50,000 on death or permanent disability and up to Rs 25,000 for other risks. Along with Kisan Credit Card, farmers are given savings account, smart and debit cards. They get interest on savings and also get flexibility to repay the loan. The loan is easy to repay and lasts for 3 years.
Kisan Credit Card: Who gets the benefit
Land owners, sharecroppers and tenant farmers can apply for Kisan Credit Card. The minimum age of the applicant should be 18 years and the maximum age should be 75 years.
Kisan Credit Card: This is how you can apply for the card online
- Step 1: To take advantage of the scheme, farmers should visit the website of the bank from which they want to avail the benefit.
- Step 2: Then select the credit card option on the farmer’s homepage.
- Step 3: Now farmer brothers click on the option of Apply.
- Step 4: Then an application form will open in front of the farmer.
- Step 5: After this, click on the submit button.
- Step 6: Then your details will be verified within a few days.