Most of the farmers do not have enough money for farming. In such a situation, they take the help of a loan for financial help. However, sometimes farmers face a lot of trouble due to the non-availability of loans on time. A special step has been taken by the government to give relief to the farmers. Under this, loans will be made available to farmers within 15 days through digital medium.
Under this initiative, the Reserve Bank of India has released a pilot project in Madhya Pradesh and Tamil Nadu. With the help of this, agricultural loan up to Rs 3 lakh will be made available to needy farmers through Kisan Credit Card in a short time and at reasonable rates. According to the guidelines of RBI, this scheme will be released across the country as soon as the pilot project 2022 is successful.
Farmers have to make rounds of the bank with the documents for the KCC loan. At the same time, after the digitization of KCC loans, this problem of farmers will also end. The Kisan Credit Card is for the convenience of the farmers. The rules of which have been amended from time to time. Recently KCC has also been linked with schemes like PM Kisan and Crop Insurance so that farmers can easily get the benefits from government schemes.
Source: ABP
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