The information we have brought for you today will prove to be very beneficial for you. For your information, let us tell you that a scheme has been created by the government named Credit Card Scheme. Under this scheme, loans are given by the government at very low interest rates to meet the agricultural needs of the farmers. If you are also interested in taking a loan, then you can also take a loan as soon as possible through this scheme. Let us tell you other information related to this scheme in detail.
New Scheme
All of you have already been informed above that under the Kisan Credit Card Scheme, the government provides loans at low interest rates to meet the agricultural needs of the farmers. Under this scheme run by the central government, farmers are provided loan facility at very low interest rates through banks. For your information, let us tell you that this scheme was started by the central government in 1998 in collaboration with the Reserve Bank of India and NABARD.
The name of this scheme has now been changed to Kisan Credit Card Scheme. Under this scheme, farmers are provided loans up to Rs 3 lakh at the rate of 4% interest. Let us know other types of information related to this scheme, what is the scheme, how can we avail its benefits, what necessary documents are required to avail its benefits, we tell you various types of information briefly through this article.
Objectives
The objective of this scheme run by the government is to provide a loan of 3 lakhs at the rate of 4% interest to meet the agricultural needs of the farmers. Through which farmers fulfill their needs of equipment used for agriculture etc. They do not need to take a loan at a higher rate of interest from anywhere else to meet their agricultural needs. They are being provided loans by the government at a low interest rate. If you want to take a loan for the first time under the Kisan Credit Card Scheme run by the government, then for this, first of all you have to deposit your land papers in the bank and after entering some necessary information, you can easily take a loan for agriculture.
Benefits
Following are the benefits of Kisan Credit Card Scheme, run by the Central Government to meet the agricultural needs of the farmers.
- Under this scheme, farmers can easily obtain agriculture related loans.
- The interest rate of the loan provided through this scheme is much lower than the interest rates of other loans.
- All farmers can equally benefit from this scheme run by the government.
- Through this scheme run by the government, the farming production done by the farmers increases.
Discount
For your information, let us tell you that a discount of 3% is given on the loan received under the Kisan Credit Card Scheme run by the Central Government. If you are provided a loan of Rs 3 lakh by the government, then you are given a discount of 3% on it. A loan of Rs 3 lakh is given to you by the bank at an interest rate of 4%.
Age Limit
Let us tell you all that to avail the benefits of this scheme, the age of the farmers should be between 18 years to 75 years.
Duration
The time period of the credit card provided by the government to the farmers to meet their agriculture related needs is only 5 years.
Documents required
To apply for Kisan Credit Card Scheme, farmers need some essential documents. All these documents are as follows.
- Aadhaar card of the applying farmer
- PAN card
- Bank passbook of the applicant
- Address proof
- Income Certificate
- Caste Certificate
- All documents of the land to be cultivated
- One passport size photo of the applying farmer
- Active mobile number of the applying farmer
How to apply
If you are a farmer and want to take advantage of the Kisan Credit Card Scheme but you do not know how to apply for Kisan Credit Card? To take advantage of this scheme, you can easily apply for Kisan Credit Card by following all the steps mentioned by us.
- To apply for a credit card, first you have to go to your nearest bank branch.
- After going there you have to get the application form.
- After this, the information asked in the application form has to be filled correctly and properly.
- After this you have to attach the photocopy of your required documents along with the filled application form.
- After doing all this, you have to submit that application form in the bank branch.
- After this your application form is checked by the officials.
- If the information filled by you in the form is found to be correct then your loan is passed. And the loan amount is sent to your account.
