KCC holder farmers will get loans up to Rs 3 lakh without any guarantee

09/02/2022Posted on
Kisan Credit Card will also help you in meeting domestic needs in lockdown

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.

Source: Krishi Jagran

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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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