Kisan Credit Card: You can take loan up to Rs 3 lakh on Kisan credit card, know the method..


Now making Kisan Credit Card in India has become easier than before. Besides, it is also easy to take a loan from it. The main objective of the Kisan Credit Card Loan is to provide loans to farmers at low-interest rates. Kisan Credit Card offers loans at low-interest rates and easy payment terms. The special thing is that if you take a loan on KCC, different types of discounts are also being given. Processing fee and security fee are most important in this discount.


Both these charges have to be paid for any loan. But in the case of KCC, it is being relaxed. As per the rules, the card processing fee has been waived off up to Rs 3 lakh within the credit limit.

Along with this, the security protection charge has been waived for this credit card within the credit limit of up to Rs 1 lakh. In such a situation, farmers can apply now to avail this facility. Let us know how.

Farmers will not have to pay any processing fee
To provide benefits to the farmers, the government is making many changes to provide financial help in agricultural activities to the farmers. For this, the Department of Financial Services has asked all the banks to waive off all types of service charges including settlement, documentation, survey, KCC loan, or crop loan up to Rs 3 lakh, keeping in mind the difficulties and financial crisis of small and marginal farmers. The card processing fee has been waived up to Rs 3 lakh.

How to apply for a Kisan Credit Card
-First of all, farmers should go to the website of their favorite bank.
-After that go to the Kisan Credit Card section.
-Download and print the application form.
-Fill out the application form duly.
-Submit the application and required documents to the nearest bank branch.
-After this, the card will be sent as soon as the loan amount is approved.

Credit Card discount
The card processing fee has been waived up to Rs 3 lakh within the credit limit.
-Security protection has been waived for this credit card up to a credit limit of Rs 1 lakh.
-The maximum period of loan taken through Kisan Credit Card is 5 years.


Benefits of Kisan Credit Card
For information, let us tell you that after getting a Kisan Credit Card (KCC), farmers can take a loan of up to Rs 3 lakh at 7 percent interest. At the same time, while giving relief on interest, the government has also given a subsidy of 2 percent.

At the same time, if a farmer pays the interest on time, then the government gives him a separate subsidy of 3 percent. That means farmers will have to pay only 4 percent interest overall.

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