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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What is PM Kisan scheme and what are its benefits?

27/02/2020Posted on

PM Kisan scheme-

The Pradhan Mantri Kisan Samman Nidhi (generally known as the PM Kisan Yojana) is a central government’s scheme, which aims to provide income support to Indian farmers so that they can meet their financial needs regarding various agricultural inputs. This scheme was launched on 24th February 2019 by the Hon’ble Prime Minister of India. Initially, the benefits of this scheme applied to the small & Marginal farmers only, but now it is extended to all farmer families, irrespective of the size of their landholdings.

Benefits of the scheme

Under the PM-KISAN scheme, each eligible farming family will be provided with a financial benefit of 6000 Rs per annum. This amount will be provided in three equal instalments of Rs. 2000 each, which would be provided every fourth month.

This scheme had already proved to be very fruitful to millions of farmers. According to a media report, around 7.6 crore farmers had received its benefits until November 2019. And now the government has added even more features to this scheme. Along with the scheme, farmers will also get many other additional benefits and facilities.

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