Kisan Credit Card: Yogi government of Uttar Pradesh is going to issue Kisan Credit Card (KCC) soon to 12 lakh farmers included in the PM farmer-beneficiaries. In UP, about 90 million farmers credit card has not yet been made out of about 2.5 crore beneficiaries registered under PM Kisan. The Kisan Credit Card is a credit card that the government issues to farmers. Through this, farmers are given loans at very low rates for agricultural work. For this, it is necessary to open your account in PM farmer. Currently, this card is beneficial for farmers in many ways and the process of making it is also easy. If you have not yet applied for it, then you can take advantage of it by keeping some important documents ready.
Very cheap loan for these works
Through the Kisan Credit Card, loans worth Rs 1.6 lakh are being given to the needy farmers without any guarantee. At the same time, farmers can take loans up to Rs 5 lakh through this in 3 years. Some part of this has also been fixed for household expenses. Farmers issue credit card banks. The first objective of the government under this card is to provide loans to farmers for purchase of agricultural-related things such as manure, seeds, pesticides etc. The second objective, farmers should not have to take expensive loans. If the farmers repay the loan on time, then the interest rate on the loan can be only 4 percent.
It is necessary to have an account with PM farmer
If you want to apply for Kisan Credit Card, then it is necessary to have an account in PM Kisan Samman Nidhi. Only those customers can take advantage of this government scheme.
How interest is calculated
Through the Kisan Credit Card, farmers can take a short-term loan of up to Rs 3 lakh in 5 years. Although the loan is available at the rate of 9 percent, the government gives a subsidy of 2 percent on it. In this sense, it was 7 percent. On the other hand, if the farmer returns this loan on time, then he gets a further rebate of 3 percent. That is, on this condition, he has to pay only 4 percent interest on the loan. That is, farmers have to pay 4 percent interest on the loan taken.
How to apply
For this, you must first go to the official site https://pmkisan.gov.in/.
Download the Kisan Credit Card form here.
You have to fill this form with the documents of your land, details of the crop.
This information should also be given that you have not made any other Kisan Credit Card from any other bank or branch.
Fill and submit the application, after which you will get the Kisan Credit Card from the concerned bank.
What document needed
For ID proof: Voter ID card / PAN card / Passport / Aadhaar card / Driving license etc.
Address proof: Voter ID card / passport / Aadhaar card / driving license etc.
Where can I get this card?
KCC can be obtained from any Co-operative Bank, Regional Rural Bank (RRB).
This card can also be taken from SBI, BOI and IDBI Bank.
National Payments Corporation of India (NPCI) issues RuPay KCC.
5 Validity of the year
The validity of the Kisan Credit Card is 5 years. Loans up to Rs 1.6 lakh are now being guaranteed without guarantee. Earlier this limit was 1 lakh rupees. Notified crops / notified areas are covered under crop insurance on all KCC loans.