PM Kisan Maan dhan Yojana: Farmers will get pension of 3,000 rupees per months

17/03/2020Posted on

Many farmers in our country have to face financial problems due to different reasons. This problem increases further when the farmer gets older. Keeping this in mind, the government has launched the Pradhan Mantri Kisan Man-Dhan Yojana. Under this scheme, the farmers will receive a pension of Rs 3000 per month in their old ages. 

Who can apply?

Farmers under 18 to 40 years of age can register for the Prime Minister Kisan Mandhan scheme. If you are 18 years old, then you would have to deposit only 55 rupees every month. But if you are 40, then you would require to deposit 200 rupees per month.  

According to a media report, more than 19 lakh farmers have already registered under this scheme. The best thing about this scheme is that the government will also deposit the amount in your account, which will be equal to what you put in it.

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Good news! Now all beneficiaries of the PM Kisan scheme will get KCC

28/02/2020Posted on

There’s good news for Indian farmers. The central government had announced that all the beneficiaries of the PM Kisan scheme will be issued a Kisan Credit Card (KCC). The government has also started a 15-day special campaign to issue these KCC cards. According to a media report, around 14 crore farmers will get the benefits under this scheme.

What is the KCC scheme?

Under the Kisan Credit Card scheme, the farmers will get a card, through which they can get a loan of up to Rs 3 lakh, and that’s too at an interest rate of just 7 per cent. The farmers would also get an additional discount of 3 per cent if they deposit the amount within the given time period. Which means, the farmers will now have to pay only 4 per cent interest on the Kisan Credit Card loan.

The central government has issued all the Detailed instructions regarding this campaign to the Chairman of NABARD, the Managing Directors of all banks and also to the Governments of all the States / UTs. Each bank and Government of each state/UT have been advised to list all those beneficiaries of the PM-Kisan scheme who do not have a KCC. Apart from this, they are also advised to contact all these beneficiaries of the scheme through the concerned departments.

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