Kisan Credit Card Scheme Benefits

Kisan Credit Card Update: With this card, farmers will get 3 lakh rupees, 3 crore farmers will benefit from the scheme.




Hello friends, welcome to our article, to meet the needs of farmers, central and state governments run many schemes. One of those schemes is called Kisan Credit Card Scheme. Farmers need money to farm. In such a situation, they can get loans from banks at low interest rates through Kisan Credit Card.

Kisan Credit Card Scheme is underway to provide financial assistance to farmers. It is the country’s lowest interest loan Kisan Credit Card, which provides emergency financial assistance to farmers. Government announces from time to time to give subsidy to farmers on KCC loan amount. Its complete details are explained in the following article. Everyone read our article completely.

Who can benefit from Kisan Credit Card Scheme?

Farmers who are beneficiaries of PM Kisan Samman Nidhi Yojana are given the benefit of Kisan Credit Card. In such a situation, only the poor and very small farmers will get the benefit of this government scheme. The government started this scheme in 1998. It was first started by the National Bank for Agriculture and Rural Development i.e. NABARD. After this it was linked to Pradhan Mantri Kisan Yojana. Age to apply for this scheme is 18 to 75 years. Under this scheme, each poor farmer will be given an unsecured loan of Rs.3 lakh by the government.




Loan Scheme at Minimum Interest Rate:

Many times farmers need financial assistance for agricultural activities. To meet this, earlier farmers used to get loans from moneylenders and get stuck in the vortex of heavy interest. Kisan Credit Card was launched to save farmers from moneylenders and to make loans available at affordable interest rates and in easy ways. Through this scheme, loans are given to farmers at a maximum interest rate of 7%. The government also gives a 3% discount on the interest rate to the farmers who repay the loan on time. That means, they have to pay only 4 percent interest rate on the loan.

An eligible person between 18 to 75 years can take a loan of Rs 3 lakh

By conducting a special campaign, the government has linked more than 3 crore farmers with Kisan Credit Card Scheme in 2 years till July 2022 and now this number has increased even more. To avail the benefits under the Kisan Credit Card Scheme, the age of the applicant should be between 18 to 75 years. Under the KCC scheme, loans are given for various types of agricultural work including fertilizer, seeds, agricultural machinery, fisheries, animal husbandry. Under Kisan Credit Card, a maximum loan amount of Rs.3 lakh can be taken.




Apply Online Kisan Credit Card Scheme

This Kisan Credit Card has been announced by the Finance Minister of India. This scheme will benefit 14 crore farmers. 2 lakh crore has been provided by the government for Kisan Credit Card. You will get the benefit of this scheme only if you have agricultural land and you are a farmer. At the same time, the government has also placed pastoralists and fishermen in this scheme. If you want to apply in Kisan Credit Card Scheme, you can apply online.

Kisan Credit Card Scheme Update:

3 lakh loan to farmers through Kisan Credit Card. The government charges only 4 percent interest rate on this loan. Farmers can use this money for all activities like agriculture, dairy farming, beekeeping etc. Apart from this, farmers can also take money for fertilizer, seed etc. Now the government has decided to continue the exemption under the Kisan Credit Card for the financial years 2022-23 and 2023-24 under the Interest Subsidy Scheme (ISS).





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