For every farmer associated with the Prime Minister Kisan Samman Nidhi Scheme, the Central Government has planned to give loans at a cheaper rate. The objective of this scheme is that no farmer should leave farming due to lack of money. Union Minister of State for Agriculture Kailash Chaudhary said that in the coming days, 2.5 crore farmers will be given a loan of Rs 2 lakh crore under the Kisan Credit Card. This huge amount will be given to the beneficiaries of Pradhan Mantri Kisan Samman Nidhi Yojana.
Explain that the loan rate on Kisan Credit Card is 4%. Farmers can easily avail loans up to Rs 1.60 lakh without any security at the interest rate of 4%. Not only this, if the farmer pays this loan on time, then his loan amount can be increased to Rs 3 lakh.
The Union Minister of State for Agriculture further informed that from March 1 to now, about 3 crore farmers of the country have been provided an agricultural loan of Rs 4.22 lakh crore, in which 3 months interest has also been waived. Along with this, credit cards have also been issued to 25 lakh new farmers associated with the Prime Minister Kisan Samman Nidhi Scheme.
Source: Krishi Jagran
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