- Rs 5 lakh mortgage at handiest 4 percentage interest
- unique enrollment campaign in UP until July 31
- SHGs and JLGs also eligible beneath the scheme
Lucknow: To boom farmers' earnings and defend them from moneylenders, the government has launched the Kisan credit Card (KCC) scheme. underneath this scheme, farmers can get a loan of as much as Rs 5 lakh easily. the biggest benefit is that the hobby price is just four percent per annum, making it one of the most inexpensive agricultural loans in India.
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UP authorities running special marketing campaign until July 31
To ensure well timed advantage of the KCC scheme, the Uttar Pradesh government is jogging a special campaign till July 31. The purpose is to attach every eligible farmer with the scheme to be able to meet their farming expenses including seeds, fertilizers, irrigation, harvesting, farm animals care, and even family wishes.
mortgage quantity and usage Breakdown
beneath KCC, farmers can avail quick-term loans as much as Rs 5 lakh:
- Rs three lakh for crop production
- Rs 2 lakh for allied farming activities (like dairy, rooster, farm repair)
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regular interest charge: 7 percent in keeping with annum
authorities guide includes:
- 2 percentage hobby subsidy
- 3 percentage bonus for well timed repayment
- final powerful price for farmers: just 4 percent interest annually
Who Can practice for a Kisan credit Card?
- Small and marginal farmers
- Landless agricultural people
- human beings involved in dairy, rooster, fishery, sericulture, and horticulture
- Self-assist groups (SHGs) and Joint legal responsibility corporations (JLGs)
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Required documents
to use for KCC, you will want:
Aadhaar card, PAN card, or Voter identity (as identification and deal with proof)
the way to follow on-line
- visit the reliable website of your preferred financial institution
- click at the "Kisan credit score Card" choice on the homepage
- pick "practice"
- Fill within the required details at the software form
- put up the form to obtain an utility reference range
- If eligible, the bank will touch you within five running days
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