Kisan Credit Card: The farmers are provided loans at a cheaper rate through the Kisan Credit Card. This loan is given at a nominal rate of four per cent.
About 2.5 lakh farmers will benefit through this. Loans are provided to the farmers at a cheaper rate through the Kisan Credit Card. This loan is given at a nominal rate of four per cent. Although the loan is available at the rate of 9 percent, but the government gives a subsidy of 2 percent on it.
In this sense it becomes 7 percent. On the other hand, if the farmer returns this loan on time, then he gets a further rebate of 3%. That is, the farmer only has to pay interest at the rate of 4 percent. Different banks and NBFCs are providing Kisan Credit Cards.
How to apply: –
– You have to go to the bank’s website and choose the option of ‘Kisan Credit Card’ from the ‘Credit Cards List’
– Click ‘Apply’
– Enter the information sought when the online application page opens
– ‘Submit’ Click on
– Note the ‘Application reference number’
– You will be contacted on getting qualified by the bank
– After this you will have to submit the documents
– After the bank verification, the card will be sent to the address.
Source: www.jansatta.com
