Farmer brothers and sisters can get low interest loans using Kisan Credit Card. For this they have to go to the bank and submit the documents given here. The government has run various schemes to help farmers. Millions of farmers across India are also benefiting from the support of these schemes. Kisan Credit Card Scheme is being run so that the farmer brothers do not have to face financial problems during farming. Loan facilities are also being provided to the farmer brothers under the scheme.
For your information, we tell you that earlier this scheme provided benefits only to farmers. But, currently fish And the farmer brothers who are rearing animals are also being given benefits under this scheme. Apart from crop management, farmer brothers can take loans for dairy operations and purchase of pump sets. Under this scheme, the government has made arrangements so that farmers are not burdened with too much interest. The rise in interest also increases the cost of cultivation, leaving farmers saddled with debt. To save the farmers from this, the interest charged in KCC is much lower than the regular loans of banks.
Documents required for low interest agricultural loan
Farmer brothers, if you want to take agricultural loan at low interest, then it is very important to have your identity proof like voter id card, driving license, aadhaar card, pan card etc. Along with this, it is very important to have the land documents and passport size photograph of the applicant.
Farmer brothers apply like this
Farmer brothers have to submit the certificate, photo and filled application form to the bank to apply. Kisan Credit Card will be published. KCC will be issued within 15 days of submission of application form.
Interest rates on KCC loans range from two percent to an average of 4 percent.
Interest on KCC loans starts at two percent. On an average it goes up to 4 percent. The interest rate also depends on how long the farmers can repay the KCC loan. Farmer brothers can easily get a loan of up to 3 lakh rupees at the rate of 4 percent if they pay within a short period of time. Apart from this, farmers also get insurance benefits.