Many welfare schemes are being run by the government for the farmers and with the help of these schemes, farming has also become much easier for the farmers. Kisan Credit Card is also included in these welfare schemes. This card is provided to the farmers by the central government. Recently, this scheme has also been linked to PM Kisan Samman Nidhi. With the help of this card, farmers can take loans at very low interest.
The government has decided that farmers can now take loans up to 3 lakh rupees without any guarantee with the Kisan Credit Card. Earlier, the limit of loans provided without guarantee was just Rs 1 lakh which was later increased to Rs 1.60 lakh. Now, this amount has been increased to Rs 3 lakh. The interest rate of 4% on taking this loan with Kisan Credit Card will be applicable when the farmers repay all their installments on time.
