WHAT BENEFITS DO FARMERS GET THROUGH KISAN CREDIT CARD?

Published on: 22-Nov-2023

News Farmer News

WHAT BENEFITS DO FARMERS GET THROUGH KISAN CREDIT CARD?

Farmer brothers can avail loan through Kisan Credit Card. Through this card, farmer brothers get loans at affordable rates. Various works are being done by the government to help the farmers, one of which is the Kisan Credit Card. Farmer brothers get loans at very low interest rates through this card. What should be the age of farmers applying for Kisan Credit Card? Also, what documents are required. We will tell you this through this news.

Through Kisan Credit Card, loans up to Rs 3 lakh are easily available at affordable interest rates. The interest rate on this loan starts from 7 percent. At the same time, farmers who repay the loan on time are given a rebate of up to 3 percent in the interest rate. In this way, only a 4 percent interest rate has to be paid on the loan taken from Kisan Credit Card.

Eligibility for Kisan Credit Card.

To avail the benefit of Kisan Credit Card, the age of the farmer should be between 18 years to 75 years. The farmer should have at least 2 acres of agricultural land. Besides, it is also necessary for farmer brothers to have a bank account. To apply for a Kisan Credit Card, the farmer is required to visit the branch of the concerned bank. Through the Kisan Credit Card, farmers can get the necessary funds for agricultural work. Farmers can use this loan for fertilizer, seeds, agricultural machines, animal husbandry and fish farming etc.