New Delhi: The central government has prepared to provide the cheapest loan for farming to all the beneficiaries of Prime Minister Kisan Samman Nidhi Scheme (PMKSY). So that no farmer should leave farming due to lack of money. PM Modi has launched the Kisan Credit Card (KCC) to all the beneficiaries of PM-Kisan Yojana this year. KCC has been given to lakhs of beneficiaries under this scheme. Credit card (KCC) facility is provided by SBI farmers. In which farmers get loans on easy terms.
What documents are important: -
Identity and address proof of farmers are required. For this, voters can use any document like identity card, PAN card, passport, Aadhaar card, driving license.
Benefits of this scheme: -
1. No collateral is required for a loan of Rs 1.60 lakh. 2. You have to repay the loan at a simple interest rate of 7% by one year or till the date of payment (whichever is earlier). 3. On the loan up to three lakh rupees, a concession is available at the rate of 2%. 4. On payment at a fixed time, an additional 3 percent concession is available on interest. 5. If you do not pay by the due date, you will have to pay interest at the card rate. 6. All types of KCC loans provide agricultural insurance for the notified crop and area. 7. Interest is paid at the savings bank rate on the amount remaining in KCC. 8. SBI offers ATM cum debit cards to all KCC holders at no charge.
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