New Delhi: Good news for crores of farmers of the country. The government of Narendra Modi has made the process of making Kisan Credit Card very easy for the beneficiaries of PM Kisan Yojana. One can easily get loans for fertilizer, seeds etc. with the Kisan Credit Card.
Scheme to give credit cards to 2.5 crore farmers
The government has decided to give credit cards to 2.5 crore farmers enjoying the PM Kisan Yojana. The interest rate for the credit card loan will be very low. The government is going to distribute a loan of 2 lakh crore rupees to the farmers in this financial year. Finance Minister Nirmala Sitharaman announced this as part of the economic package.
Download the form sitting at home through the website
The government has launched several schemes in the last 6 years to double the farmers’ income by 2022. One of these schemes is PM Kisan Yojana. The full name of this scheme is ‘Pradhan Mantri Kisan Samman Nidhi Yojana’. Under this, the government provides financial assistance of Rs 6000 to the farmers every year. This money is sent directly to the bank account of the farmer. This money comes in three installments of 2000-2000 rupees in the account of the farmer.
9.13 crore farmers are getting the benefit of this scheme. The government has also created a website to provide necessary information to farmers about the PM Kisan Yojana.
The name of this website is https://pmkisan.gov.in/. In this website, the option of download KCC Form (download KKC Form) is given on the right side of the Former tab. Through this, farmers can download the form to get a credit card. After printing the form, it has to be filled. After that, the farmer can fill this form and submit it to the commercial bank near him. Once the card is ready, the bank will inform the farmer. Then it will be sent to his address.
KYC also does not bother
This form can be used to increase the limit of existing card and start a closed credit card in addition to applying for the creation of a new credit card. It is quite easy to fill this one page form. In this, the farmer must first fill the name of the bank in which he is applying and the name of the branch.
To create a new credit card, one has to tick “Issue of Fresh KKC”. Apart from this, the name of the applicant and the name of the bank account given to the farmers for the PM Kisan Yojana will have to be filled. All other necessary information (KYC) banks will match the PM farmer account itself. Therefore, it is not necessary to get KYC done afresh.
Important to give information about old agricultural loan
If you are already running an agricultural loan, then it is important to give information about it. How much land is your name in Khatauni. Village name, survey / measles number. How many acres of land is there and which crops are going to be sown, i.e., Rabi, Kharif or others will have to give information in this form. Also, declaration has to be given that you have not made any other Kisan Credit Card from any other bank or branch.
Loan facility at low interest
The rate of loan on Kisan Credit Card is 4 percent. Farmers can avail loans up to Rs 1.60 lakh without security at an interest rate of 4 per cent. On timely payment, the loan amount can be increased to Rs 3 lakh.
Insurance cover up to 2 lakh rupees
The beneficiaries of PM Kisan will get an insurance cover of up to 2 lakhs under the Pradhan Mantri Suraksha Bima Yojana (PMSBY) at a premium of Rs 12 per year. Apart from this, insurance coverage up to 2 lakh is available under the Prime Minister Jeevan Jyoti Bima Yojana (PMJJBY) at an annual premium of Rs 330.
Facility to spend 10% of funds for household needs
The Reserve Bank has announced that the farmers credit card holders can use their credit card to pay their household expenses. Farmers can use up to 10% of the loan amount for their household expenses. This scheme has been launched to provide relief to the farmers during lockdown due to Corona virus.
Farmers Credit Card can also be made in this way
There are two more ways to make a Kisan Credit Card. Go to the website of the bank from which you want to get a credit card and go to the Kisan Credit Card section of that bank. Download and print the application form. Fill this form carefully. This form is available on the website of most commercial banks.
Submit the farmer application and necessary documents to the nearest bank branch. The loan officer will share the required information with the applicant. After this, the card will be sent as soon as the loan amount (limit) is approved.
KCC can also be made by going to a bank branch
Farmers who want a Kisan Credit Card can go to any commercial bank and apply for a Kisan Credit Card. Farmers can also meet with the competent officer of the bank.
This website has done a lot of work for farmers
On the website https://pmkisan.gov.in, all the necessary information about the government’s two flagship schemes such as PM Kisan Yojana and PM Kisan Maandhan are available. This website has many tabs, one of them is the Former tab. The FORMER tab is the most important corner for the needy people of PM Kisan Yojana. In the Former tab, there are options like checking the status of PM Kisan Yojni, making new registrations. For example, if a farmer has to see how much installment of the PM farmer in his account, then the farmer can get information about his installment through Aadhaar number, bank account or mobile number.
What is this add-on credit card?
Depending on the statement of your credit card, add-on credit card can be taken for any member of the family, such as spouse, parents or children above 18 years. Those who cannot take a credit card directly, they can take an add-on credit card. Add-on credit card is issued only through primary / original credit card. Meaning more than one credit card is issued on the same account. Shopping with both types of cards is paid from the same account.
How many add-on cards can be taken at one time?
Add-on card facility is available on most premium credit cards. According to the rules of the card issuing bank, 1 to 5 add-on credit cards can be taken. Most of the features and benefits of an add-on card are usually similar to those of a primary credit card. Most credit add-on cards (add-on credit card) have a credit primary equivalent to a credit card, but some banks, according to the rules, keep the credit card of the supplementary card lower than the primary. If there is more than one add-on card, then the total credit limit of the primary card is divided between the primary and the add-on card.
How much does it charge?
Most banks offer add-on credit card benefits for free. However, some charges can be levied if different banks have different rules. Annual fees can be recovered. Charges are levied on the cards taken after a limited number of add on cards. The charge is also different according to different cards.
Can withdraw cash
Cash add-on credit card benefits (add-on credit card benefits) can also be withdrawn from an add-on card. The record of all transactions of the add-on card will remain in the primary card account. If you give a supplementary card to someone, then the complete record of transactions can be kept with that card. Like add-on credit cards, shopping can be done in India and abroad just like the original credit card. You can shop both online and offline. On the add-on card also you will get reward or bonus points like the primary card.
Primary cardholders keep these things in mind
The dues of the Add-on Cards are to be paid by the primary cardholder. So if there is a delay in repaying the arrears of these cards, then it gets included in the primary cardholder’s CIBIL report and the credit score can be affected. In case of non-payment of dues, the penalty for interest payment or wrong use of add-on credit card will also have to be paid by the primary cardholder.
Delay in payment of dues will be expensive
Since the dues of the add-on cards have to be paid by the primary card holder, if there is a delay in payment of the dues of the add-on cards, it is included in the primary cardholder’s CIBIL report and affects the credit score.
Benefits of Add-on Credit Card
Most credit cards allow the customer to carry out various transactions such as shopping in India and abroad. Card holders also get the same benefits through add-on credit cards.
Both online and offline purchases can be done through an add-on credit card.
Whenever you use a credit card, you get a reward or bonus point. Reward points are also available in all supplementary cards.
Primary card holders should keep these things in mind
The expenses incurred on the add-on credit card are shown in the account of the primary credit card holder and the bill also has to be paid to them.
In case of non-payment of dues, the primary cardholder also has to pay the penalty for the incorrect payment of interest payment or add-on credit card.
If the misuse of the add-on card is wrong, the credit card of the primary cardholder will be affected.