Kisan Credit Card: If you are a farmer then this news can be special for you. Let us tell you that many government schemes are being run by the central government to strengthen the farmers financially. Which also includes Kisan Credit Card. Under this scheme, farmers can take loan for farming. But recently the government is considering increasing the loan limit available in this scheme.
Let us tell you that the Union Finance Ministry is working rapidly with the Department of Agriculture and Farmers Welfare to increase the loan limit in Kisan Credit Card i.e. KCC and to lay the foundation of schemes like Atmanirbhar Nidhi for sharecroppers.
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Let us tell you that the Secretary of the Department of Financial Services MP Tangirala has told that the government is considering extending the loan limit of Kisan Credit Card. Which was fixed three or four years ago. Kisan Credit Card Scheme was started in the year 1998 with the aim of giving loans to farmers to meet their farming needs.
After which the government gives loans up to 3 lakhs to the farmers. The outstanding loan in the Kisan Credit Card Scheme was Rs 9.81 lakh crore. Under the Samarthik Scheme by the Central Government, farmers are given the option of repayment on the basis of interest rate of 2 percent and 3 percent. After this, this interest rate is reduced to 4 percent.
Great scheme for farmers
For information, let us tell you that Kisan Credit Card Scheme is a great scheme for farmers. Under this scheme, farmers are given timely loans in their bank accounts. In this scheme, farmers are considered to do their farming things. Under this, the requirements of short term loan for farming are met. Apart from this, help is received to meet the post-harvest expenses.