Kisan credit card is one of the most important and popular schemes of the Government to help small farmers. The Government of India provides KCC loans up to Rs 1.6 lakh without guarantee to small farmers possessing Kisan Credit Cards (KCC). According to the experts, farmers can avail of KCC loans up to five lakh rupees in three years. The interest rate on KCC loans is also very low. It is only four percent annually. In view of the fact that the government is not going to be able to do so, the government has to do so.
The Kisan credit card has a validity of five years. The main thing is that all KCC loans are covered within the crop insurance scheme. The Central government has said it is going to distribute about 2.5 crore Kisan credit cards. It is also very important to sensitize small farmers about the benefits of KCC and cheap KCC loans. Online applications for Kisan credit cards can also be applied. The process is as follows.
Step 1. First, the farmer will have to go to the official website of PM Kisan Samman Nidhi Yojana pmkisan.gov.in.
Step 2. The Kisan credit card form has to be downloaded from here.
Step 3. This form has to be filled up with land papers, crop information, etc.
Step 4. Here, the farmer will have to announce that he has not built any other Kisan credit card from any other bank or branch.
Step 5. This application has to be deposited. Thereafter, you will be issued a Kisan credit card from the concerned bank.
Kisan Credit Card can be taken from Co-operative Bank and Regional Rural Bank (RRB). The card can also be taken from the National Payments Corporation of India (NPCI) besides State Bank of India, Bank of India and IDBI Bank.
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