Union Budget 2025 Expectations: After 20 days, all eyes are on the Union Budget, which will be presented. Budget 202 is expected to provide significant relief to all sections. Meanwhile, there is a discussion about giving tremendous gifts to farmers. The central government is believed to be able to open the treasury box for them.
A shocking announcement can be made regarding the borrowing limit of Kisan Credit Card. If the information received from the sources is valid, the government can decide on a Kisan Credit Card. If this happens, then the farmers are sure to be happy. However, no representative or official associated with the government has said anything yet. This claim is being made in media reports.
Kisan Credit Card limit may be increased.
If a source associated with the Union Finance Ministry is believed, the Kisan Credit Card loan limit can be increased to Rs 5 lakh. Currently, this limit is Rs 3 lakh. Farmers get loans of up to Rs 3 lakh, the limit of which can be increased to Rs 5 lakh in this budget.
If the government makes this announcement in the entire budget, many farmers will benefit. There has been a constant demand to increase the Kisan credit card limit. The government gives a bumper discount on loans up to Rs 3 lakh. Although the interest rate is 7 per cent, farmers have to pay only 4 per cent interest after the discount. If the discount limit under the Kisan Credit Card is increased, it will be the first gift to the farmers in the Modi 3.0 regime.
Know essential things related to the Kisan Credit Card.
The Government of India has started Kthe isan Credit Card Yojana. Under this scheme, farmers are given a loan of up to Rs 3 lakh for farming. Only 4 per cent interest is presented annually on a loan of Rs 3 lakh. The government provides government provides a bumper discount. Now, the government can increase this limit by Rs 2 lakh. If this happen,s then this limit will increase to Rs 5 lakh.