Kisan credit card scheme, these farmers will get a loan of 3 lakh rupees without guarantee
The Kisan credit card scheme-> During the Corona crisis and lockdown, the Modi government at the center has given a big relief to the dairy farmers. The government has increased the limit of non-guaranteed loans for these farmers from Rs 1.60 lakh to Rs 3 lakh. Kisan Credit Cards are being provided to farmers across the country under Prime Minister Kisan Samman Nidhi. Earlier, a loan of Rs 1 lakh was given without guarantee under this scheme, but now its limit has been increased to Rs 3 lakh.
Which farmers will benefit
This decision of the government will benefit only those farmers whose milk is purchased by milk unions. The earlier arrangement will continue for the rest of the farmers.
KCC application format released
The Department of Animal Husbandry and Dairying has already issued a circular regarding this by meeting the Financial Services Department. Along with this, KCC application formats have also been released.
The Department of Animal Husbandry and Dairying has asked all State Milk Federations and Milk Unions to implement the scheme under mission mode. This will enable dairy farmers to get the benefit as soon as possible. The government wants to extend its benefits to more and more dairy farmers.
1.7 crore farmers are connected to it
About 1.7 crore farmers are associated with 230 milk unions under the dairy cooperative Andonal. With the Kisan Credit Card Scheme, these farmers will be able to get a loan of up to 3 lakh rupees at low interest without guarantee.
Previously, one lakh loan was available
Earlier, farmers used to get loans of up to one lakh rupees without guarantee through the Kisan Credit Card. Later its limit was increased to Rs 1.60 lakh. The 4% interest rate is applicable on a loan of 3 lakhs when the farmer pays all his installments on time.
Get subsidy facility
The rate of interest for agricultural loans is close to 9 percent. A loan of 2% is given for taking loans through Kisan Credit Card. If the loan is repaid on time, there is a further rebate of 3 percent. In this way, farmers get a loan facility at an interest rate of 4 percent.