Business Desk. The Modi government at the Center has run the PM Kisan Samman Nidhi and Kisan Credit Card Scheme for poor and low tillage farmers. Under the PM Kisan Nidhi Scheme, farmers are provided loans at very low interest through Kisan Credit Card. But there is still a gap of about 25 million people between the beneficiaries of PM Kisan Samman Nidhi Scheme and Kisan Credit Card Scheme. To overcome this, the government will provide a concessional loan of Rs 2 lakh crore to these 2.5 crore farmers.
Farmers will avoid the clutches of the moneylenders
This decision of the government will be of great benefit to those farmers who are forced to take loans from the moneylenders at a much higher rate of interest if needed. Once the moneylenders are caught in the clutches, the farmers never get out of it. The government will provide loans to such farmers through a credit card at only 4% interest. This is the lowest interest rate in the country.
Crores of farmers have been benefited Crores of farmers of the
country have taken advantage of this scheme of the Central Government. Recently, the Central Government has linked 111.98 lakh new farmers to the Kisan Credit Card Scheme. Under this scheme, he was given a cheap loan of Rs 89,810 crore.
Nearly 8 crore farmers have credit cards.
The number of farmers taking advantage of the Kisan Credit Card Scheme has reached about 8 crore. According to the Union Minister of State for Agriculture, the difference between the number of beneficiaries of PM Kisan Scheme and the number of farmers holding Kisan Credit Card will be given cheaper loans to all. Explain that on 24 February this year, the process of making the card was made easier by linking the Kisan Credit Card with the PM Kisan Yojana.
It is very easy to make
a Kisan Credit Card. There was a time when banks did not give loans to farmers easily and used to be very reluctant in this. The Modi government has made the process of getting KCC under PM Kisan Samman Nidhi easy. The central government has already approved the farmers’ revenue records, bank account and Aadhaar card. The center government has set a target of giving agricultural loans of Rs 15 lakh crore this year.
Loans up to Rs 1.60 lakh can be availed on
Kisan Credit Card without any security up to Rs 1.60 lakh. The rate of interest on this is 4 percent. On repayment of the loan on time, this amount can be increased to Rs 3 lakh.
Where to get KCC form To get a KCC
credit card, first the KCC form has to be filled. For this, first one has to go to https://pmkisan.gov.in/. KCC Form Download option will be found on the right side of the Farmer tab of this website. To get a farmer credit card, download this form and print out the form and fill it.
Where to do?
After filling the application form, he has to submit it to the nearest commercial bank. Once the Kisan Credit Card is created, the bank will inform the farmer or send the card to his address through post. In addition to creating a new card, this form can be used to increase the limit of the old card or to resume the expired card.
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