Kisan Credit Card ie KCC is a very popular scheme among farmers. Farmers easily get loan through KCC at very low interest rate. If the farmer pays it on time, then he has to pay very less interest.
New Delhi. The Government of India runs many welfare schemes in the interest of farmers. One of these popular schemes is Kisan Credit Card ie KCC. In villages, this scheme is known as KCC. Farmers easily get loan through KCC at very low interest rate. If the farmer pays it on time, then he has to pay very less interest. In this way, it is the cheapest interest rate loan scheme.
Getting it done in KCC is also very easy. The farmer can take advantage of this scheme from his nearest rural bank or any government bank. Under KCC, a farmer can take a loan of up to Rs 3 lakh in 5 years. The farmer can take a loan of up to 1 lakh 60 thousand rupees in this scheme i.e. from KCC without any guarantee.
Ease of taking loan
The Government of India has given these credit cards to 3 crore farmers in the last 2 years. With the help of this card, the farmer can take a loan for farming very easily. At the same time, the work can also pay off the loan in interest and easily.
Cheapest loan
If we talk about the interest rate, then there is no loan scheme around it. Through KCC, farmers can take short term loan from KCC up to Rs 3 lakh in 5 years. Farmers get loans at the rate of 9 percent. After this, the government gives a subsidy of 2 percent. Also, if the farmer pays the loan on time, then he is given an additional rebate of two percent. In this way, you have to pay 4 percent interest on the loan.
1.6 lakh loan without guarantee
KCC is valid for five years. You can take a loan up to Rs 1 lakh 60 thousand without guarantee. Its limit was earlier 1 lakh rupees. Notified crops / notified areas on all KCC loans are covered under crop insurance.
How to apply
- To apply, you have to first go to the official site https://pmkisan.gov.in/.
- From here you can download the form of Kisan Credit Card. You have to fill this form with your land documents, crop details.
- You have not made any other Kisan Credit Card from any other bank or branch. This information will also have to be given.
- Fill the application and submit, after which you will get the Kisan Credit Card from the concerned bank.
- Voter ID, Pan Card, Aadhar Card, Driving License etc. to get it made.
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