Even before Prime Minister Kisan Samman Nidhi’s 12th installment, Modi government announced it would provide credit card service to farmers News WAALI
Even before Prime Minister Kisan Samman Nidhi’s 12th installment, the Modi government announced that it would provide credit card facilities to farmers.
Also Read: Big Update on PM Kisan Yojana’s 12th Installment, Rs 2,000 Not Considered Due to These 10 Errors
What is Kisan Credit Card?
Kisan credit card benefit can be used by PM Samman Nidhi beneficiaries and eligible farmers. Farmers can also pay their crop expenses through the Kisan credit card. You can invest your money in seeds, fertilizers, machinery, etc. Farmers also benefit from low-interest loans through the Kisan credit card. The specialty of this program is that farmers can get loans up to 1.60 lakhs without any collateral. Apart from this, farmers can borrow up to Rs 5 lakh in 3 years through this card. The government also gives a 2% discount on the interest rate. In such a case, farmers will have to pay 7% interest instead of 9%.
How to get a Kisan credit card?
You can apply for a Kisan credit card by visiting any bank. You must complete a form at the bank. Along with this, you need to submit some documents related to this scheme. The bank will check your documents. Beneficiaries of PM Kisan Yojana can easily apply for KCC.
What documents will be required?
While applying for Kisan credit card, you will need documents such as 2 passport size photos, Aadhaar card, PAN card and driving license etc.
Tags: Farmer News, Kisan samman nidhi diagram, Advantages PM KISAN, farmer