Kisan Credit card Yojana |Do you know this government scheme that provides unsecured lakhs of capital?

Kisan Credit card Yojana |Do you know this government scheme that provides unsecured lakhs of capital?

Agriculture is a large-scale traditional occupation in India. Farming is also capital intensive. In earlier times moneylenders in villages used to provide capital to farmers for farming at higher interest rates. In this, the farmers were being exploited on a large scale. Similarly, cooperative banks, credit societies and rural societies also started giving mortgage loans to farmers for agriculture. But, the central government (Central Government Scheme 2019) introduced the Kisan Credit Card scheme to provide loans to farmers at an easy and cheap rate. Due to this scheme, the farmers got relief from exorbitant interest rates of moneylenders and co-operative banks. Let's know more about kisan credit card scheme.

Kisan Credit card Yojana | किसान क्रेडिट कार्ड योजना  

Kisan Credit card Yojana is a scheme launched by the central government especially for farmers. Under this scheme, loans are provided to the farmers from the central government through banks for seeds, pesticides, fertilizers, tillage and other agricultural works. In the budget session 2018-19, it was decided to extend the benefits of this scheme to the farmers involved in animal husbandry and fish farming. Not only this, the government included the farmers of PM Kisan Yojana in 2020 so that maximum number of farmers can benefit from the Kisan credit card scheme. 14 lakh crores of loans were allocated under this scheme till 2020.

How to apply for Kisan credit card | Kisan Credit Card Withdrawal Method

To avail the Kisan Credit Card scheme, first of all you need to have your Kisan Credit Card. To get this Kisan Credit Card you need to register online or offline with the bank. After registration, if the form is submitted to the bank, the Kisan Credit Card is sent to your address by the bank in the next two weeks.

Banks for Kisan credit card | Register with these banks

Getting a Kisan Credit Card requires registration only with certain nationalized banks. Banks which are included in this are as follows

State Bank of India

Axis Bank

Punjab National Bank

Bank of India

HDFC Bank

IDBI Bank

NABARD

Indian Overseas Bank

Other Rural Banks

Kisan credit card online registration | Online registration

Visit the official website of any of the above banks to register online for Kisan Credit Card.

After visiting the website, search for 'Kisan credit card' or 'Kisan credit card' in the search box

After that click on the Kisan Credit Card link that appears.

Here the page of Kisan Credit Card will open. On this page you will see the option of Online Registration.

Click on the form that appears and fill all the required information.

After filling the information, click on 'submit' and submit the form.

If online form is not available

Online forms are not likely to be available in all these banks. Due to this it is necessary to fill offline form in banks where online form is not available. For this offline registration form has to be downloaded and printed. After filling all the information on this print properly, the form should be submitted to the bank.

Kisan credit card Yojana Offline Registration| Offline registration

Register for Kisan Credit Card offline as follows.

https://pmkisan.gov.in/documents/Kcc.pdf या link Click on

Here you will find offline registration form.

Take a print out of this form.

Fill all the information properly and attach the required documents.

Go to the concerned bank and submit this form.

Important Documents for Kisan credit card Yojana | Necessary documents

To get a Kisan Credit Card some necessary documents need to be fulfilled. This includes the following documents.

Seventeen passages

 8-a

Affidavit of not taking loan from another bank

Aadhar Card

PAN card

Three passport size photographs

Eligibility or Age limit for Kisan credit card | Eligibility and Limitation

To avail Kisan Credit Card Scheme, the beneficiary must be an Indian and a farmer. Also only persons between 18 to 75 years of age can apply for Kisan Credit Card Scheme.

Advantages of Kisan credit card

Kisan Credit Card is going to be beneficial for farmers. Through this scheme, farmers can get instant loans of up to three lakhs with low interest rates.

Farmers taking loan through Kisan credit card are given an insurance cover of 50 thousand rupees in case of disability or accidental death. Apart from this, an insurance cover of Rs 25 thousand is available for other perils.

The biggest advantage of the Kisan Credit Card scheme is the low interest rate. An interest rate of 7 percent is charged on loans availed through this scheme. However, if the farmer repays the loan within a year, the interest rate is discounted by 3 percent. This means that loans are available to farmers at only 4 percent interest rate. Farmers have to repay this loan through the sale of agricultural produce.

Through this scheme, interest-free loans of up to one lakh are given to farmers.

Importamt Facts About Kisan credit card scheme | Remember these important things

Under the Kisan Credit Card scheme, unsecured loans up to Rs 1 lakh 60 thousand are given, but for loans above that, up to Rs 3 lakh, collateral is required.

Through this scheme, the amount of loan to be given to the farmers is determined based on the total land of the farmers, their cultivated area and farm income.learn More

Be sure to visit https://schemeofgovernment.com/ to take advantage of new and useful schemes like this.

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