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Home Personal Finance Good News: Modi government is giving cheap loans to farmers, Check details

Good News: Modi government is giving cheap loans to farmers, Check details

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Good news for SBI account holders! Get a bumper benefit of 4 lakhs in just Rs 342, know how

If you are eligible for the PM Kisan Yojana run by the Modi government, then there is news of work for you.

New Delhi. If you are eligible for PM Kisan Yojana (PM kisan yojna) run by Modi government, then there is news of work for you. Actually, the central government also gives cheap loans to the eligible farmers of PM Kisan Yojana. If you are also a beneficiary then you can take advantage of cheap loans. Beneficiaries of Kisan Credit Card (KCC) can take advantage of cheap loans. On Kisan Credit Card, the government gives cheap loans to the farmers. Farmers can use this loan for their farming work.

Know how much you will get loan?

Farmers get a loan of up to Rs 3 lakh on Kisan Credit Card. This loan is available at an interest of 9 percent. The government gives a subsidy of 2 percent on this and the farmers get it at the rate of 7 percent. This loan of farmers is available at cheap interest rate. If the farmer pays the interest ahead of time, then he gets interest at the rate of 3 percent.

These documents should be

To make Kisan Credit Card, you will need Aadhar card, PAN card and your photo. You will have to tell the other bank through this affidavit that you have not taken any loan from the bank.

Form will be found here

The form of Kisan Credit Card will be available on the website of PM Kisan (PM Kisan) scheme at pmkisan.gov.in. You can download the form from here. Fill the form and submit it to the nearest bank branch.

Forms can be submitted in these banks

Kisan credit cards can be deposited in any co-operative bank other than State Bank of India (SBI), Bank of India and Industrial Development Bank of India (IDBI).

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