Kisan Credit Card Loan Scheme 2024
Farmers will need money for agricultural work. So, they have to arrange money from somewhere, for which the government has started ‘Kisan Credit Card (KCC) Loan Scheme’ for the benefit of farmers. If you are also a farmer who has not heard about this scheme till now. If there is no information, then perhaps you may not be able to take advantage of this scheme. If you are a farmer then you must have information about this scheme because this scheme has been started only for special farmers.
With this scheme started by the government, you can take a loan for farming at low interest anytime by mortgaging your land. This loan is also generally called Kisan Credit Card or Green Card, Kisan Credit Card Scheme is launched by the Central Government only. It has been made only for farmers, in today’s article we are going to provide you all the information related to Kisan Credit Card Scheme, with the help of which you can easily take loan under this scheme, for which you have to read this article till the end. will be.
Overview
Name of the scheme | Kisan Credit Card (KCC) Loan Scheme |
Who started it | Central government |
beneficiary | All the farmers of the country |
Objective | To help all the farmers of the country financially |
Year | 2024 |
Eligibility Criteria
To Take the Benefits of this scheme, it is Compulsory for the farmer to be an Indian.
The beneficiary farmer should not be working in any government job.
Earlier only farmers with less than 2 hectares of land were given the benefit of this scheme but now all farmers are eligible for it.
It is important for the applicant farmer to have a bank account because the amount of Kisan Samman Nidhi Yojana will be transferred to his bank account only.
About Yojana
Kisan Credit Card is a type of loan, which is Given to the farmers by the banks at Low interest. This scheme was started jointly by the Government of India, Reserve Bank of India and NABARD in 1998, which is named Kisan Credit Card. given. If you have never taken a loan from the Kisan Credit Card Scheme before, then you can take a loan for agriculture by going to your nearest bank, submitting your land papers and completing some other formalities.
Under the Kisan Credit Card Scheme 2022-23, a loan of up to Rs 3 lakh is provided to the farmers at only 4% interest rate. To take a loan at 4% interest from this scheme, Farmers have to know that in mind, about which we have discussed. It is mentioned in the article below, so for more information related to KCC scheme, read this article till the end.
Kisan Credit Card works like an overdraft, in which you can deposit Your money whenever you want and withdraw it whenever you want. When your money is withdrawn, you will have to pay interest. Kisan Credit Card is given for 5 years, after 5 years you will pay interest. You can renew it again by depositing it.
Interest in Kisan Credit Card (KCC) scheme
If you also take a loan from Kisan Credit Card Scheme, then you Have to know about its interest rates and you have to keep in Your mind that on which date you have taken the loan and after completion of 1 year from the date on which you take the loan. You have to repay the loan along with the interest before the loan is due, by doing this you become eligible to take the loan again from the very next day.
If you do this, then you get 3% interest rebate from the government on loans up to Rs 3 lakh, which is why it is called the best loan Scheme. The total interest rate on Kisan Credit Card is 9% in which 2. 100% subsidy is given by the Central Government, apart from this, if you repay the loan before the completion of the year, then you are also given an incentive amount of 3%.
Benefits
The terms and conditions of Kisan Credit Card Loan Scheme are much easier as compared to government loans available in banks.
The interest on the loan available under Kisan Credit Card Loan Scheme is much less as compared to other loans.
The biggest advantage of Kisan Credit Card is that the farmers got rid of the moneylenders, because the farmers have been exploited by the moneylenders for a long time.
Under Kisan Credit Card Scheme, farmers get loans at very low interest due to which there is no need for them to take loans from moneylenders.
With the creation of Kisan Credit Card, farmers are able to Plow their fields and irrigate their crops on time, due to which their yield has increased significantly.
Required Documents
Aadhar card
PAN Card
Bank Account Passbook
Income Certificate
Residence Certificate
Caste certificate
Land Documents
Mobile number and passport size photo
How to Apply
To apply for KCC loan, you have to go to your nearest bank branch.
By going there, you have to get the application form of this scheme.
After this you have to fill the application form carefully.
Now all the required documents have to be attached in the application form.
Finally, you have to submit your application form to your bank.
FAQ
- How much Amount Government will give under Kisan Credit Card Loan Scheme (kcc)?
Under this scheme an amount of Rs3,00,000 given at an interest rate of 4%.
- What is the mode of Applying Kisan Credit Card Loan Scheme (kcc)?
Candidate can Apply offline through its official website.
- What is the main objective Kisan Credit Card Loan Scheme (kcc)?
To help all the farmers of the country financially.