Kisan Credit Card New Interest Rate: New interest rate of Kisan Credit Card (KCC) released, see new rates

Kisan Credit Card New Interest Rate: Kisan Credit Card, a card with the help of which farmers can become financially strong. Kisan Credit Card scheme was launched in 1998 with the objective of giving short-term formal loans to farmers. Pradhan mantri Narendra Modi ji recently launched PM Kisan Samman Nidhi Yojana in Uttar Pradesh to all the beneficiary farmers. Launched a campaign for distribution of Kishan Credit Card. Under this, more than 25 lakh farmers of PM Kisan Yojana have been provided KCC and more than 2,000 bank branches have been entrusted with the task of providing Kisan Credit Card.

Kisan Credit Card New Interest Rate

Kisan Credit Card Loan Interest Rate: For loan under KCC Yojana, the farmer will have to pay simple interest at the rate of 7 percent per annum for one year or till the repayable due date, whichever is earlier.

In case of non-payment within the due dates, interest is levied on Kisan Credit card rate. However, if you fail to make the payment beyond the due date, the interest will be compounded half-yearly. However, for the crops for which the loan has been given, the repayment period may be fixed as per the anticipated harvesting and marketing period.

Kisan Credit Card Eligibility

All Farmers – Individual / Joint Farming Owners Tenant farmers, verbal less and share the crop etc. SHG or Joint Liability Group consisting of ten farmers.

According to SBI’s official website -www.sbi.co.in, those farmers who are farmers, tenants, oral co, sharecroppers etc., Single Holding Group (SGH) or joint farmer group are eligible for Kisan Credit Card.

Kisan Credit Card Required Documents

KCC Application Form

Identity Proof- Voter ID / PAN Card / Passport / Aadhar Card / Driving License etc.

Address Proof: Voter ID Card / Passport / Aadhar Card / Driving License etc.

To get Kisan Credit Card, applicant farmers can approach the nearest bank branches, or can talk to the marketing executives visiting the village, all they have to do is fill a Kisan Credit Card Online Form with their identity and address proof.

Farmers can also apply for a credit card by visiting the Pradhan Mantri Kisan Samman Nidhi official portal. The link of Kisan Credit Card will be found on PM Kisan Portal from where you can easily get credit card.

Note – This news has been made on the basis of information received from the website. WestBengalEducation.in on its part does not confirm this.

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