Keeping in mind the welfare of farmers who play the most important role in an agrarian country, the government has initiated Kisan Credit Card Scheme across the country. Under this scheme, a farmer can get Kisan Credit Card (KCC) and avail loans with lowest interest rate. Till now, many schemes have been implemented by the Central Government for crores of farmers across the country.
What is a Kisan Credit Card?
The Kisan Credit Card Yojana was launched by the Central Government in the year 1998. It has been beneficial with the aim of providing support to the farmers. Through the Kisan Credit Card Loan, farmers have been given loans at an interest rate of 3 to 4%. They can also get advanced types of resources.
State bank of India KCC
This Kisan Credit Card Scheme Foundation has been created by the State Bank of India with the objective of providing financial assistance to all farmers. The State Bank is providing KCC loan scheme to everyone through Kisan Samman Nidhi Yojana. They are offering loans at very low interest rates. And State Bank of India is providing them a loan of Rs 1.60 lakh by the government. This loan is being given to you without any guarantee. You will be guaranteed to take a loan of 3 lakhs.
Kisan Credit Card Benefits
Whatever interest is being charged on Kisan Credit Card Scheme, the government will have to regulate this.
Farmers should not have much problem of interest and loan. According to recent reports, the government will also form a committee for the smooth regulation of Kisan Credit Card. Moreover, Kisan Credit Card Loan will be given to farmers within 7 weeks only.
However, the government does not guarantee loans of less than 3 lakhs from farmers through the KCC Loan Scheme. The government pays interest of 3 to 4% to all farmers through KCC.
Application for Kisan Credit Card
If you want to take advantage of Kisan Credit Card Yojana, then you need to go to the nearest SBI branch. Farmers will have to tell their eligibility and documents there too.
Fill out the application form and attach all the documents together. After fulfilling all the necessary documents and eligibility, you can avail Kisan Credit Card and loan upto 3 lakhs.
