Kisan Credit Card: According to a recent update from the government, let us tell you that one crore farmers will get a loan of Rs 1 lakh 60 thousand without any guarantee. But if a farmer wants a loan more than this amount then he will have to give a guarantee… Read the full news to know the complete information related to this update.
Loan through KCC Card: The number of marginal and small farmers is high in India. Apart from this, there are many farmers who do not have land for farming. In such a situation, either they do farming on someone else’s land, or they work as labourers. There are many farmers who do not have both the resources and money to do farming in a better way. In such a situation, farming in India is affected on a large scale.
In view of all these problems, the government had launched Kisan Credit Card for farmers. KCC provides timely credit/finance to farmers, known as PM-Kisan. 11 crore farmers taking advantage of PM-Kisan scheme can take loan up to Rs 1.60 lakh without any guarantee, but if any farmer wants a loan more than this amount then he will have to give guarantee.
You can take agricultural loan of Rs 1.60 lakh without guarantee-
Farmers in India can take an agricultural loan of Rs 1.60 lakh without any guarantee for farming purposes. A few years ago this limit was only up to Rs. Now it has been increased. Apart from this, now the government has made the loan process very easy for the convenience of the farmers.
If you pay on time, you will get additional benefits-
On timely payment, farmers will get a loan of Rs 3 lakh at 4% interest rate in future. For this, banks have been asked to issue KCC within 15 days of submission of application for agricultural/farm loan. The government has also removed the processing charges of all banks on Kisan Credit Card. Moreover, last year this facility has been extended to all dairy and fishery farmers.
Kisan Credit Card Loan Online Process-
- Visit the official website of your bank and open the loan section.
- Look for KCC Loan Link
- Click on the “Apply Now” button.
- Fill all the required details carefully.
- After this click on the submit button.
- If your application is approved, a bank executive will contact you and tell you about the required documents and further procedures.
Kisan Credit Card Loan Offline Process-
Visit your nearest bank branch and tell the loan officer that you want to apply for Kisan Credit Card. Do not forget to carry all the necessary documents with you at the time of registration.
