New Delhi
The Union Cupboard assembly is happening on Wednesday underneath the chairmanship of Prime Minister Narendra Modi (PM Narendra Modi). If sources are to be believed, on this assembly being held at PM residence, earlier than the monsoon, the Modi authorities has ready to present a giant reward to the farmers and underneath this, the Kisan Credit score Card Restrict of Kisan Credit score Card Restrict can now be elevated from 3 lakh to Rs 5 lakh.
Underneath the Kisan Credit score Card (KCC) scheme, the Authorities of India is giving advantages to farmers, there may be as much as 5 lakhs underneath Kisan Credit score Card. Underneath the Kisan Credit score Card (Kisan Credit score Card Restrict), you possibly can take a mortgage of as much as 5 lakhs at a low rate of interest.
In accordance with the information, the full mortgage quantity underneath the present Kisan Credit score Card (KCC) accounts has exceeded Rs 10 lakh crore by 31 December 2024, which has benefited about 7.72 crore farmers. It’s noteworthy that this quantity was Rs 4.26 lakh crore in March 2014.
Kisan Credit score Card (KCC) Scheme
₹ 1.45 lakh crore has been introduced by the Central Authorities for FY 2025-26 relating to the Kisan Credit score Card (KCC) scheme. That’s, underneath this, farmers will get profit, they will take a mortgage of as much as 5 lakhs underneath this scheme at low rate of interest.
About Kisan Credit score Card Restrict
Speaking about Kisan Credit score Card Restrict, you possibly can take a mortgage starting from 50000 to five lakhs. You’ll have to pay an rate of interest of solely 7% on a mortgage of three lakhs.
The way to apply for Kisan Credit score Card?
If our siblings are farmers, they wish to make the most of this scheme i.e. Kisan Credit score Card, then you possibly can profit underneath the closest financial institution department (SBI, PNB, HDFC, ICICI and so forth.) or PM Kisan Portal (PMKISAN.GOV.IN).
Let’s find out about its benefits and find out how to apply…
Farmers can be bathe
Considerably, many forms of schemes are being run by the federal government for monetary help of farmers. These embody KCC Scheme, which is proving to be very useful for the farmers. By means of this, if a farmer doesn’t have cash for farming, then he can use ‘Kisan Credit score Card’. On this card, farmers are supplied loans in cheaper charges. Farmers may also avail the bank card, cattle rearers and fishermen.
Mortgage at a reduced rate of interest of 4%
The Kisan Credit score Card was began by the federal government to offer monetary advantages to the farmers. By means of this card, loans are supplied to farmers at low cost rate of interest. The scheme was launched in 1998 by the Authorities of India, Reserve Financial institution of India (RBI) and NABARD. Which was named Kisan Credit score Card. Allow us to inform you that for the present monetary yr, for agriculture taken by Kisan Credit score Card (KCC), we are able to apply for loans as much as Rs 3 lakh. Underneath Govt Scheme, farmers get this mortgage as much as Rs 3 lakh at an annual rate of interest of solely 4 p.c.
Kisan Credit score Card Guidelines
Now you know the way many forms of loans are given underneath the Kisan Credit score Card. It comprises two forms of loans, secured and un-sordeard. Whereas taking a protected mortgage, it’s a must to mortgage some property, like it’s a must to pledge your land to take such a mortgage. On the similar time, there is no such thing as a must pledge something in unsafe loans. When you discuss paperwork, then Passport Dimension Picture for KCC, Aadhaar card, Voter ID Card, Driving License, Farmer’s land papers are included.
The way to apply on-line
- Go to the financial institution’s web site of your selection.
- On the house web page you will notice the Kisan Credit score Card.
- The choice to use can be seen as quickly because the farmer click on on the bank card.
- You will notice a brand new web page as quickly as you click on on apply.
- Fill all of your particulars and click on on submit.
- After this you will notice the applying reference quantity.
- In case you are eligible, the financial institution will contact you inside 5 days.
Can complain right here
The financial institution points this card inside 15 days of making use of for the Kisan Credit score Card. If this card just isn’t issued inside 15 days, then it’s a must to contact the banking Lokpal. Aside from this, you possibly can go to the hyperlink of RBI’s official web site https://cms.rbi.org.in/. On the similar time, farmers may also contact the assistance desk by bank card helpline quantity 0120-6025109 / 155261 and clients e mail (PMKISAN-IICT@GOV.IN).