For farming, farmers need seeds, pesticides, fertilizers, irrigation and agricultural implements etc. However, many farmers are unable to buy them due to financial constraints. In such a situation, the central government is running ‘Kisan Credit Card Scheme’ to eliminate this problem of farmers.
What is Kisan Credit Card Scheme?
Farmers can get loans at low interest rates with the help of this special card. Under the scheme, loans up to Rs 3 lakh are given for 5 years at just a 7% interest rate. On the other hand, if this loan is returned ahead of time, then there is also a rebate of 3% on interest. This loan is given not only for agriculture but also for fisheries and animal husbandry.
Documents required for KCC and application process
The applicant’s age should be between 18 to 75 years to avail of the benefits of the scheme. Only Aadhar card, PAN card and photo of the beneficiary are required to apply. Whereas the application form is available on the official website PMKY. In such a situation, to take advantage of government schemes, apply for KC as soon as possible.
Source: Kisan jagarn
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