Beneficiaries of PM Kisan Samman Nidhi will now have to make Kisan Credit Card easy, this is the reason, KCC will be made in two weeks of application, instructions to banks
new Delhi. In view of the crisis on the rural economy due to the lockdown, Kishan Shakti Sangh president Pushpendra Singh has demanded to reduce interest by doubling the limit of KCC-kisan credit card. Now its limit is 3 lakh rupees and 4 percent interest is paid on timely repayment of money. He has demanded from the government that its limit should be 6 lakh rupees and the interest rate is only 1 percent. About seven crore farmers in the country have KCC, while 14.5 crore farmers are families. In such a situation, if the government takes this step in the interest of agriculture and farmers, at least half of the country’s farmers can overcome the crisis.
Singh, who is knowledgeable in agriculture matters, has also demanded that the payment of all the loans and installments of the farmers be suspended for one year. The government has extended the date of payment of all short-term agri loans taken from banks on KCC by just two months. It has been increased from 31 March to 31 May. This means that now farmers can repay their crop loans till May 31 at the old rate of only 4 percent per year without any increase in interest. Kisan Shakti Sangh is demanding to suspend it throughout the year.
The central government is already giving big discount to the farmers
, the interest rate of loans up to three lakh rupees taken on KCC for farming and farming is 9 percent. But the government gives 2 percent subsidy in it. In this way it falls to 7 per cent. But on return on time, you get 3% more discount. In this way its rate is only 4 percent for honest farmers. Now it is being demanded to make it one per cent. The advantage of this scheme is that it reduces the dependence of farmers on moneylenders. They get the cheapest loan for agriculture.
Hence KCC scheme linked to PM Kisan Yojana
The Kisan Credit Card Scheme has been linked to the PM Kisan Samman Nidhi Scheme (PM-kisan samman nidhi scheme). Since whoever has received 6000 rupees annually under PM-Kisan scheme, the details of revenue, Aadhaar and bank account are with the government. In this case, both schemes have been linked.
Union Minister of State for Agriculture Kailash Chaudhary says that the beneficiaries of Kisan Samman Nidhi should go to the bank related to their account and submit the application for KCC, the Chief Managing Directors of the banks have been given necessary instructions in this regard by the Finance Department. Applicants will get the benefit within 14 days after the application.
