Kisan Credit Card limit of Rs 3 lakh in PM Kisan Samman Nidhi, KCC made easy, instructions to banks to make KCC for two weeks of application
Kisan Credit Card loan limit will be double
Everybody knows that till May 3 the lockdown has been done in India, due to which the farmers have suffered a lot. Due to which the farmers associations have demanded that in order to raise the farmers from this loss.
The KCC loan which was given to the farmers up to Rs 3 lakh, now it should be increased to Rs 6 lakh and the interest rate should be 1 per cent, before the farmers had to pay 4 per cent interest on timely deposit of the amount.
Pushpendra Singh, president of the Kisan Shakti Sangh, says that if the government agrees to this, then 7 crore farmers have taken KCC loans, all of them can get the benefit of this scheme, which can lift the farmers from the crisis of lockdown.
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Kisan Credit Card interest is also 1 percent now
Along with this, he also said that up to 12 months exemption should be given for repayment of installments of loans of farmers, that too, without adding interest, the Central Government has given two months exemption to all farmers. But due to the lockdown, any kind of income has stopped coming to the farmers and even after the lockdown opens, it may take a long time for the farmers to come back on track.
Due to which they will have to face a lot of problems in filling installments, so the farmers’ organizations have asked for 12 months time.
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Even before this, the government has given a discount of 5 percent.
By the way, there are 14.5 crore farmer families all over India, out of which 7 crore farmer families have taken KCC loan, who have to pay 9% interest of Rs 3 lakh KCC loan, out of which 2% is subsidized by the government.
And of which 3% discount will be given separately if the loan amount is paid on time.
Overall, the farmers have to pay 9 percent interest, out of which the government has already given a rebate of 5 percent. But there is a demand for farmer associations that the amount of 3 lakh KCC loan should be increased to double and interest should also be imposed on it at one per cent.
Apart from this, the current KCC loan which is running on which two months ‘discount and two months’ interest has also been exempted for the payment of installments, it has been demanded for one year exemption and waiving the interest amount.
