Kisan Credit Card Scheme 2020: Beneficiary List, Card Status, KCC Farmers List

The government has set a target to double the income of farmers. Keeping this in mind, the Central Government has introduced the Kisan Credit Card Scheme. Today we are going to provide you all the important information related to the Kisan Credit Card Scheme through this article. By reading this article, you will get complete information related to this scheme. Such as what is Kisan Credit Card Scheme ?, its benefits, purpose, features, eligibility, important documents, application process etc. So friends, if you want to get complete information related to Kisan Credit Card Scheme, then you are requested to read this article till the end.

Kisan Credit Card Scheme

A credit card will be provided to the farmers of the country under the Kisan Credit Card Scheme. Through which they will be given a loan of 1 lakh 60 thousand. Through this loan, the farmers of the country will be able to take care of their farming and well. With this, farmers will also be able to insure their crops. Recently, cattle farmers and fishermen have also been included under the Kisan Credit Card Scheme. If you also want to get a credit card under Kisan Credit Card Yojana, then you have to go to the official website and follow our given procedure. Loans under Kisan Credit Card Scheme will be provided at 4% interest rate to farmers without any guarantee.

Also Read: Kisan Pension Scheme: Pradhan Mantri Kisan Maandhan Yojana 2020 – (Online application)

New Interest Rate of Kisan Credit Card

The Kisan Credit Card Scheme was started in 1998. A new interest rate was announced by the government on the Kisan Credit Card due to the Corona transition. In a special campaign, PM Narendra Modi from Chitrakoot district of Uttar Pradesh has distributed Kisan Credit Cards to more than 25 lakh beneficiaries. For which more than 2 thousand bank branches have been assigned work. Under the Kisan Credit Card Scheme, an interest rate of 7% per annum will have to be given on the credit card. Through the Kisan Credit Card, agricultural insurance is also available for the crop and the area and interest on saving bank rate on the amount left from KCC.

• If the beneficiary settles his loan within 1 year, then the beneficiary will get 3% discount on interest rate and 2% subsidy. This means that farmers will get a total of 5% discount. This means
• If the farmer repays the loan within 1 year, then he will have to pay only 2% interest up to ₹ 300000. If you also want to apply under the Kisan Credit Card Scheme, then you have to apply online by visiting the official website.

KCC Card Scheme

As you all know, the Kisan Credit Card Scheme was started to provide loans to farmers at low interest rates. But still about 42 percent of the farmers have not joined this scheme and remain connected with the moneylenders for their farming. Recently, the Central Government has tried to link all those farmers who are availing the Prime Minister Kisan Samman Nidhi with Kisan Credit Card. The Kisan Credit Card will now also be linked to cattle rearing and fisheries. Through which farmers will be provided guarantee free loan.

Kisan Credit Card Yojana 2020

Under this scheme, about 14 crore farmers of the country will be given insurance guarantee loans (About 14 crore farmers in the country will be given insurance guarantee loans). Farmers of the country who have arable land can get a farmer credit card, in which farmers are given loans at a low interest rate. It has been decided by the Central Government to provide the facility of this scheme to all the farmers associated with the Pradhan Mantri Kisan Samman Nidhi Yojana. Not only this, the interest rate will be only 4% per cent. Under this Kisan Credit Card Yojana 2020, farmers who do not come under the income tax can apply for KCC loan.

Credit card plan 2020 new update

On 29th February, a function has been organized in Chitrakoot, Uttar Pradesh, in which Prime Minister will interact with farmers. Meanwhile, Kisan Credit Cards will also be distributed to the beneficiary farmers of PM-Kisan Samman Nidhi Yojana. On this day, a campaign to make Kisan Credit Card will be run in more than 20 thousand bank branches of the country. So far, a total of 9.74 crore farmers have registered themselves under this scheme. Whereas 8.45 crore farmers are getting its benefits. All the eligible beneficiaries of PM Kisan Samman Nidhi should get their Kisan Credit Card done as soon as possible.

Kisan Credit Card New Update

As you all know that the whole country of India is going through the crisis of corona virus. Due to which the entire country has been locked down, all industrial / agricultural / financial operations etc. are inoperative due to the lockdown. Therefore, to give relief to the people / institutions of the country, RBI has announced a moratorium on the next three months on all debt redemptions. Therefore, all farmers with Kisan Credit Cards, who have taken loans against it, are also covered under this corona relief package.

Kisan Credit Card Scheme 2020 online application

A loan of 3 lakh rupees is given for the crop through Kisan Cradit Card Yojana 2020. Farmers have to pay 7% interest for this loan, if the farmers of the country want to get benefits under this scheme, then they have to apply for a credit card. Today we will tell you how you can apply for getting a credit card under this scheme.

 

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