Loan for Farmers, Loan for Farmers from Government, Farmers will get loan up to Rs 3 lakh, Kisan Credit Card (KCC) Loan Scheme, How to make Kisan Credit Card, Features of Kisan Credit Card.
Farmers will get loans up to Rs 3 lakh, farmers will get loans, loans will be available for farming at low interest, farmers will get loans without guarantee, read full details further.
Farmers are not only the backbone of the country but also the food providers. But at present the condition of the farmers of the country is not that good, if it is not rectified then the countrymen may have to face many problems in the future.
This is the reason why many schemes have been started by the government in the interest of the farmers. Here you are going to know about one of those schemes, under which farmers can get loans up to Rs 3 lakh.
The scheme that you are going to know about here is the Kisan Credit Card (KCC) loan scheme. Under this scheme, all the farmers of the country can easily get loans at low interest.
Kisan Credit Card provides loans to farmers to cover the cost of cultivation, harvesting and farm maintenance. If you are a farmer and you need a loan, then you must get a Kisan Credit Card, definitely it will be beneficial for you.
So without wasting any time let us go ahead and know about the Kisan Credit Card Loan Scheme in detail. Like: Eligibility for Kisan Credit Card, Documents required for Kisan Credit Card, How to get Kisan Credit Card etc.
Loan for Farmers from Government :
The Kisan Credit Card (KCC) loan scheme was launched by the Government of India in August 1998. Under this scheme, loans are provided to those farmers who need financial assistance to complete agricultural operations.
The loan limit of this scheme is up to Rs.3 lakh. In this, the state government and the central government also give subsidy for this loan.
Now this scheme has been linked with PM Kisan Samman Nidhi Yojana. Now under this scheme, farmers can take a loan of up to Rs 3 lakh at 4 percent interest rate.
In which farmers do not need to mortgage their land for loans up to one lakh 60 thousand rupees. Farmers get loans up to this amount (160000) without any guarantee.
Eligibility for Kisan Credit Card (KCC)
- The applicant must be a citizen of India.
- Any person who does agriculture related work can apply for Kisan Credit Card. (Agriculture, Fisheries, Poultry, Animal Husbandry)
- The minimum age for Kisan Credit Card has been kept at 18 years, while the maximum age is 75 years.
Documents Required for Kisan Credit Card (KCC)
- Voter ID Card
- Pan Card
- Aadhar Card
- Mobile Number
- Land Papers
- Passport Size Photo
How to make Kisan Credit Card (KCC) (Offline)
- First of all go to the bank giving Kisan Credit Card.
- Will have to go to the bank branch and ask for the application form of the Kisan Credit Card Scheme.
- You can also download this form from this site https://pmkisan.gov.in/. You will find this form in the Farmers Corner section of this site.
- After that all the necessary information asked in that application form has to be filled.
- After that the form has to be submitted to the bank along with all the required documents.
- When your application is verified, you will be provided with the Kisan Credit Card after a few days.
How to Make Kisan Credit Card (KCC) (Online)
- First of all you have to visit the official website of the bank which offers Kisan Credit Card.
- After this, you will see the option of Kisan Credit Card on the homepage, click on it.
- Then click on Apply Now.
- Then after that an application form will appear in front of you, all the necessary information asked in it will have to be filled.
- Then after that the necessary documents have to be uploaded.
- Finally click on the submit button.
- In this way you can apply for Kisan Credit Card.
- When your application is verified, you will be provided with the Kisan Credit Card after a few days.
Which Banks Offer Kisan Credit Card (KCC)?
- State Bank of India
- Bank of India
- Axis Bank
- HDFC Bank
- Union Bank of India
- Canara Bank
- Bank of Maharashtra
- Bank of Baroda
- RBIL Bank
- Punjab National Bank
- Indian Bank
- Yash Bank
- ICICI Bank
- Allahabad Bank
- Andhra Bank
- Bandhan Bank
- Karnataka Gramin Bank
- National Payments Corporation of India (NPCI)
For What Purposes KCC Loan can be Taken?
- To buy pesticides for agriculture
- To buy compost material
- To buy seeds
- Apart from this, for other expenses related to agriculture
- For fisheries, poultry, animal husbandry expenses
- For business related to agriculture
Who Gives Loan Under KCC Scheme?
The loan is given by the bank. The entire process of Kisan Credit Card Scheme is done by the bank itself. It is the bank that approves your loan. Apart from this, the loan amount to be approved also depends on the cost and expenses of the crop.
If you want to take a loan to buy seeds or for a business related to agriculture, then the loan amount is decided according to its expenditure.
Interest Rate and Rebate of Kisan Credit Card (KCC) Scheme
Generally, the interest rate of loan available for agriculture is 9 percent. But under the Kisan Credit Card Scheme, the government gives a rebate of two percent on taking the loan and if the farmers repay the loan on time, then are given an additional rebate of three percent. By combining all these, through the Kisan Credit Card Scheme, farmers get loans easily at just 4 percent interest rate.
But if a farmer does not repay the loan on time then he has to pay additional interest as per the banks. Apart from this, if a farmer takes a loan of more than three lakhs, then he has to pay 7 percent interest rate.
Features of Kisan Credit Card (KCC) Loan
- Loan can be easily availed under KCC scheme.
- Once the loan is repaid, you can get the loan again very quickly.
- This loan is available at the lowest rate of interest i.e. 4 percent as compared to other agricultural loans.
- Loan of 3 lakh can be taken under KCC scheme.
- Processing fee has also been waived in this.
- Both the state government and the central government give subsidy on KCC loan.
- Many banks of the country provide this loan, as well as this loan can be taken by any farmer.
Last Word :
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