Ad
Ad
Ad
The Kisan Credit Scheme (KCC) was launched in 1998 and was based on a model scheme developed by the National Bank for Agriculture and Rural Development (NABARD). The scheme was created to help farmers meet their various credit needs in the agriculture sector by providing financial assistance.
This article will provide you with all the details of the Kisan Credit Card Scheme
The Kisan Credit Card scheme was created with the goal of making it easier for farmers to obtain adequate and timely credit. This would assist farmers in purchasing agricultural inputs such as seeds, fertilizers, pesticides, and so on.
Under this scheme, farmers are provided loans ranging from 50,000 to 30,0000. This scheme is also called PM Kisan Credit Card Scheme. The rate of interest on this is 4% for 6 months and 7% for 1 year. This agricultural loan is given for 5 years. This loan is given to the farmers by the government through regional rural banks or other government banks, the farmers use the loan to meet the expenses of farming, fertilizers, sowing, seeds and crop insurance. Kisan Credit Card was started to save farmers from this problem. Farmers can also get crop insurance with this card. If the crop has been destroyed for any reason, then they are also given compensation. For example, the farmer’s credit card is very useful in these problems such as crop burning due to drought or crop submergence due to floods.
Some of the benefits of the Kisan Credit Scheme are as follows:
The term loan component is normally repayable within 5 years, depending on the type of activity/investment and the existing investment credit guidelines.
According to the Finance Ministry, as of January 8, 2021, approximately 1.8 Kisan Credit Cards with a credit limit of Rs 1.68 lakh crore have been sanctioned.
CMV360 always keeps you up to date on the latest government schemes, sales reports, and other relevant news. So, if you're looking for a platform where you can get relevant information about commercial vehicles, this is the place to be. Stay tuned for new updates.
Government Initiates Early Implementation Plans for BS-VII and CAFE-III Emission Norms
The government will impose stringent BS-VII and Corporate Average Fuel Efficiency-III (CAFE-III) criteria to update emission standards....
22-Apr-24 02:17 PM
Read Full NewsTips To Improve Mileage Of Tata Intra V30 Pickup Truck
In this article, we have listed some practical tips and driving techniques for drivers to enhance the fuel efficiency of the Tata Intra V30....
20-Apr-24 11:49 AM
Read Full NewsTop 5 Reasons to Buy a Tata Ace HT Plus in India
This article lists the top 5 reasons to buy a Tata Ace HT Plus in India for your business....
17-Apr-24 09:44 AM
Read Full NewsTop Mahindra 60 HP Tractor Models: Prices & Specs in India
Mahindra's 60 HP tractors: versatile, robust, with advanced features, balancing affordability and performance for Indian farmer's needs....
17-Apr-24 08:56 AM
Read Full NewsWhat are CC and HP in Tractor Engines? Exploring their Working & Differences
CC and HP are vital for tractor efficiency. Farmers should understand these metrics to maximize productivity and functionality....
16-Apr-24 12:52 PM
Read Full NewsTata Ace: How It Became India's Top-Selling Mini Truck
The Tata Ace is a popular mini-truck in India, loved by customers since its launch in 2005. It's tough and reliable, perfect for delivering goods to every corner of the c...
16-Apr-24 12:42 PM
Read Full NewsAd
Ad
Registered Office Address
Delente Technologies Pvt. Ltd.
M3M Cosmopolitan, 12th Cosmopolitan,
Golf Course Ext Rd, Sector 66, Gurugram, Haryana
pincode - 122002
Join CMV360
Receive pricing updates, buying tips & more!
Follow Us
COMMERCIAL VEHICLE BUYING BECOMES EASY AT CMV360
CMV360 - is a leading commercial vehicle marketplace. We helps consumers to Buy, Finance, Insure and Service their commercial vehicles.
We bring great transparency on pricing, information and comparison of tractors, trucks, buses and three wheelers.