Kisan Credit Card: Parliament ‘Budget’ meetings continue. On February 1, Union Finance Minister Nirmala Sitharaman introduced the 2021 budget …
Kisan Credit Card: Parliament ‘Budget’ meetings continue. On February 1, Union Finance Minister Nirmala Sitharaman introduced the 2021 budget. The government is running several schemes for farmers. One of them is the Kisan credit card. With this, it is providing loans at low rates for agricultural works. The Modi government may increase the Kisan credit card limit in the budget. Farmers, livestock and fishermen get many benefits through Kisan Credit Card.
The central government is already transferring cash to the accounts of 11 crore farmers. The land of these 11 crore farmers, their biometric record is with the Central Government. It is easy to provide them with Kisan Credit Card in such situations. The government aims to provide a total of Rs 15 lakh crore worth of agricultural loans to farmers in the country by March 2021. Currently there are only 8 crore farmer credit card holders in the country.
– To get Kisan Credit Card, go to PM Kisan Yojana (pmkisan.gov.in) official website.
– Then you need to download the Kisan Credit Card Form.
– You have to fill that form with your farm land documents, crop details etc.
– You must provide information that you have not received a Kisan Credit Card from another bank.
– To get this card you need to attach Xerox document as Voter Card, PAN Card, Passport, Aadhaar Card, Driving License ఏదో to any of these addresses.
– KYC can be obtained from any Co-operative Bank, Regional Rural Bank (RRB).
– This card can also be taken from SBI, BOI, IDBI Bank.
– National Payments Corporation of India issues Kisan Credit Card in Rupees.
– Interest is paid on the loan in KCC Kisan card account at Savings Bank rate.
– ATM and debit card will be provided free of cost to KCC card holders.
– State Bank of India State Bank issues a debit and ATM card called Kisan Card.
For loans up to Rs 3 lakh on this Kisan credit card, the interest is reduced at the rate of 2 per cent per annum.
– Additional interest at the rate of 3% per annum to repay the loan.
– Crop insurance facility is available on KCC loans.
– The loan amount for the first year is determined based on the cost of farming, harvesting costs, and land costs.
Who can take Kisan Credit Card?
Now the Kisan credit card is not limited to agriculture. Under this, a loan of up to Rs. 2 lakh can be availed for livestock and fisheries development. A person who is associated with agriculture, fisheries, animal husbandry, even if he cultivates someone else’s land, can take advantage of it. Minimum age should be 18 years and maximum 75 years. As such they are eligible to get this card.