Kisan Credit Card: Modi government has abolished all the fees charged for making KCC for farmers’ convenience. Earlier, processing, inspection and laser folio charges were used for this.
In order to protect the payers from the clutches of moneylenders, the Modi government has issued a record 2.24 crore Kisan Credit Card Scheme in the last two years. The government wants no farmer to take loans from moneylenders. The government has arranged for the cheapest loan for agriculture at 4 percent interest rate. That is why the Prime Minister Kisan Samman Nidhi Scheme has been linked to the KCC scheme. The form for making it has also been made available on the PM Kisan Scheme website (pmkisan.gov.in). Farmer brothers can download the KCC form from here. It has been made free.
According to the officials of the Union Ministry of Agriculture, 1,00,78,897 farmers were provided KCC in 2018-19. While 1,23,63,138 KCCs were created in 2019-20. The government wants all the beneficiaries of the PM farmer scheme to take KCC. A campaign is being run for this. For agricultural farming, the interest rate of loans up to Rs 3 lakh taken on KCC is 9 percent. But the government gets 5 percent subsidy to honest farmers. In this way, they get money at only 4 percent interest. The validity of KCC has been kept for five years.
Benefits of Kisan Credit Card
Guarantee is not required for taking a loan up to Rs. 1.60 lakhs.
You can buy things related to farming from KCC. Later, after selling the crop, repay the loan.
– Now taking crop insurance has become voluntary.
-KCC is now also being found for dairy and fisheries.
Who can take Kisan Credit Card
-Kheti – Any person connected with farming, animal husbandry and fisheries can take KCC.
– A person who cultivates someone else’s land can also take advantage.
Minimum age should be 18 years and maximum 75 years.
– If the farmer is over 60 years of age, a co-applicant will also be employed. Be below 60 years of age.
Important documents
-Kheti papers i.e. revenue records.
-Aadhar for identification, photo copy of PAN card.
Effeed for not being a lender in someone else’s bank.
-Applicant photo
Processing fees will not be levied
The Modi government has abolished the fees charged for making KCC for farmers’ convenience. Earlier, processing, inspection and laser folio charges were used for this. Orders have also been issued to issue Kisan Credit Cards within 14 days of the completion of the application. However, the bank will verify the farmer before giving loan. Will see if you are a farmer or not. For this, the record of your land will be checked.
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