March 25, 2023

New Delhi. For farmers, the government has introduced Kisan Credit Card, in which there is a provision of loan to farmers from agriculture to animal husbandry, fisheries and dairy farming. Like debit and credit cards, Kisan Credit Card also has an expiry date and has to be renewed from time to time. If your KCC is about to expire, then you can renew it sitting at home.

Indian Bank has started a new facility for the farmers. Bank is giving facility to renew Kisan Credit Card sitting at home. The bank has given this information by tweeting. Let us tell you that you can take a loan of up to Rs 3 lakh from KCC at 4 percent interest rate.

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Renew like this
>> Click on this link to renew KCC.
>> After that go to Apply for KCC Digital Renewal option.
>> Now select the language.
>> After that login by entering KCC number.
>> Now you can renew your card by filling all the given information.

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It is cheaper to take loan through KCC
Taking loan through Kisan Credit Card is very cheap. You can take a loan of up to Rs 3 lakh from KCC at 4% interest rate. Apart from this, now PM Kisan Credit Card has been linked to Pradhan Mantri Kisan Samman Nidhi Yojana (PM Kisan). At the same time, applying for KCC has also become easier for the beneficiaries of PM Kisan.

interest rate is very low
Farmers get loans from banks for sowing crops at a very low rate of interest. This loan is given through Kisan Credit Card only. In this scheme, loans up to Rs 3 lakh are given to farmers without any guarantee. At the same time, a short term loan of Rs 5-3 lakh is given at an interest rate of only 4 per cent. The government gives a subsidy of 2 percent on this loan. At the same time, a rebate of 3 percent is given for repaying the loan on time. In this way, this loan is available at only 4%, but if there is a delay in repaying the loan, then the interest rate of this loan is 7%.

Tags: business news in hindi, Kisan credit card, PM Kisan

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