Since February 2020, the Union Authorities has been working a particular drive to offer Kisan Credit score Playing cards to farmers availing of the PM Kisan Yojana and the eighth instalment of the PM Kisan Yojana may very well be given to farmers anytime quickly.
After linking the Kisan Credit score Card to PM Kisan Yojana, the Modi authorities had introduced the issuance of Kisan Credit score Card to 2.5 crore farmers. Up to now, 1.5 crore farmers have been given Kisan Credit score Playing cards. Below this scheme, a goal has been set to offer 2 lakh crore rupees as farmers mortgage.
No want for KYC:
Following the linking of PM Kisan Yojana with the Kisan Credit score Card, farmers don’t want for the farmers to get the KYC performed. Now farmers must fill solely a one web page type to get a Kisan Credit score Card. This type could be downloaded from the pmkisan.gov.in web site.
Issues to remember whereas making use of for the Kisan Credit score Card:
The minimal age of the farmer making use of for Kisan Credit score Card ought to be 18 years and most age of 75 years. Candidates above 60 years of age will even want a co-applicant to use.Below the Kisan Credit score Card, a farmer can get a mortgage of as much as Rs three lakh for farming. This quantity might be paid to the farmer at an rate of interest of four %.Along with farmers, those that do animal husbandry, fisheries can even apply for agricultural loans below the Kisan Credit score Card. Additionally it is not obligatory for the applicant to have agricultural land.Animal husbandry or fisheries can avail a mortgage of as much as Rs 2 lakh at an rate of interest of four %.
— to www.dnaindia.com