Millions of farmers are taking benefits from the Kisan Credit Card. But through this, the farmers taking loan should be alerted. In fact, now only 28 days are left to return the amount received from the card with interest. If farmers do not return these amounts to the bank with interest till 31 March, then they will have to pay interest up to 7% instead of 4%.
Explain that if you take a loan of 3 lakh rupees through Kisan Credit Card, then you have to pay up to 7% interest according to the rules. However, by reducing the economic burden of farmers, the central government also provides subsidy of up to 2%. In addition, following the rules, those farmers are given a rebate on additional interest of up to 3%.
Source: Krishi Jagran
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