look news india
Many types of schemes are being run by the central government for the development of farmers. One of these is the PM Kisan Yojana in which the government gives Rs 6,000 annually to the beneficiaries. This money is received in installments where Rs 2,000 comes into the account in every installment. The beneficiaries of this scheme also get the benefit of Kisan Credit Scheme. Know what this scheme is and how you can take advantage of it.
What is Kisan Credit Scheme?
If a farmer wants to start a business related to fish farming, animal husbandry or farming, then he can take a loan under Kisan Credit Card. This is a kind of short term loan in which farmers are given loan facility at cheap interest rates. This loan is given at interest rates ranging from 2% to 4%.
Farmers are given ample time to repay this loan. It offers many benefits like low interest rates, insurance coverage and flexible repayment options. Apart from this, beneficiaries also get the facility of smart cards, savings accounts and debit cards.
How to apply for Kisan Credit Card?
First of all you have to apply by going to your nearest bank branch.
Go there and ask for the application form for Kisan Credit Card.
Along with the form, you have to attach address proof, income certificate and other documents.
After filling the form, submit it to the bank.
Your form will be verified and finally you will get the Kisan Credit Card.
