Kisan Credit Card Benefits: Farmers Can Avail Loans At Low Rate Of Interest

Kisan Credit Card Benefits: Through Kisan Credit Card, the government gives loans of up to 3 lakh to the farmers at a low rate of interest.

Kisan Credit Card For Farmers | File Image

New Delhi: India is considered an agricultural country primarily. A large population of the country is still making a living out of farming. Agriculture contributes up to 17 to 18 per cent of the country's GDP.

In such a situation, the government keeps on introducing various schemes to help the farmers. One of these schemes is known as the 'Kisan Credit Card'.

Agricultural produce depends on many things amongst which weather is a prominent factor. Many times, there is damage to the crops due to thunderstorms, storms, floods, excessive rains, etc. In such a situation, farmers often need to take loans. They may take loans from private hands at a high rate of interest and may get burdened later.

To do away with this problem of farmers, the government started Kisan Credit Card. The scheme was originally launched in the year 1998. Through this scheme, there is a provision for farmers to get loans at a cheaper rate of interest. Let's know more about this scheme

Benefits Of Kisan Credit Card?

Through Kisan Credit Card, the government gives loans of up to 3 lakh to the farmers at a low rate of interest. This loan is given at an interest rate of a mere 4%. You must be at least 18 years of age to get this card. At the same time, farmers up to 75 years of age can take advantage of this credit card.

Documents Required To Get Kisan Credit Card

-Voter ID Card
-Aadhaar Card
-Driving License
-Passport
-The farmer's land papers

How To Apply For Kisan Credit Card

You can apply to any government bank to apply for a Kisan Credit Card. Go to the bank and fill out the application form for the Kisan Credit Card. After this, you will have to submit all the documents mentioned above. After this, you will get a Kisan Credit Card. Apart from this, you can also apply for KCC through the official website of banks.