Farmers get loans worth lakhs at cheap interest through Kisan Credit Card, know the process

Kisan News: Farmers get loan worth lakhs at cheap interest through Kisan Credit Card, know the process

In India, the government is running many government schemes for the farmers. The most important scheme among these schemes is Kisan Credit Card. Through this scheme, the government provides loans to farmers at affordable interest rates.

Farmers get loans at low interest rates through Kisan Credit Card. Here we are going to give you all the information to get this card.

Through Kisan Credit Card, loans up to Rs 3 lakh are easily available at cheap interest rates. The interest rate on this loan starts from 7 percent.

Farmers who repay the loan on time are given a rebate of up to 3 percent in the interest rate. In this way, only 4 percent interest has to be paid on the loan taken from Kisan Credit Card.

To avail the benefit of Kisan Credit Card, the age of the farmer should be between 18 years to 75 years. A farmer must have at least 2 acres of agricultural land. Apart from this, it is also necessary for the farmer brothers to have a bank account.

To apply for Kisan Credit Card, the farmer goes to the concerned bank branch. Through Kisan Credit Card, farmers can get the required funds for agricultural activities. Farmers can use this loan for fertilizers, seeds, agricultural machinery, animal husbandry, fish farming etc.

Go to the concerned bank with such documents
Aadhar card
PAN card
Voter ID
Ration card
Documents related to agricultural land
bank account information

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