With the aim of providing the benefit of the credit card schemes to the farmers, the state governments run a campaign to make KCC from time to time.
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In this sequence, a campaign is being started by the Chhattisgarh government to make KCC of the farmers of the state. This campaign is being started on 24 April 2022 and will run till 1 May 2022.
In this, apart from farmers, livestock farmers and fish farmers will also be able to get their credit cards made. Through this, farmers will be able to get a cheap loan from the bank.
According to media reports, Joint Secretary of Agriculture K.C. Paikra has directed the officials of the concerned department to ensure strict implementation of the guidelines issued by the Ministry of Agriculture Development and Farmers Welfare, Government of India regarding the KCC campaign. Under this campaign, the beneficiaries of PM Kisan Samman Nidhi Yojana will be given the benefit of the KCC scheme.
In this, apart from the traditional KCC, dairy and fisheries KCC have also been included.
Under this campaign, along with getting the benefits of various schemes of the government, the farmers registered under the Pradhan Mantri Kisan Samman Nidhi Yojana, who have not been issued a Kisan Credit Card, will be provided credit cards to 100% of the farmers.
Under this campaign, a special Gram Sabha will be organized by the Panchayat and Rural Development Department on April 24 in the Gram Panchayats of all the districts of the state.
In the agenda of these Gram Sabhas, it has also been asked to include the issue of Kisan Credit to the beneficiaries under PM Kisan Yojana.
Patwari, Agriculture, Fisheries, Animal Husbandry Department officials, Panchayat Secretary, Sarpanch will be present in the Gram Sabhas.
By attending the maximum number of KCC camps on behalf of the Revenue Department, such PM Kisan beneficiaries who do not have a copy of the land record will be provided a copy.
The field staff of the Department of Agriculture also such farmers of their area who have not availed the benefit of KCC. By contacting them, the benefit of the scheme will be provided under the campaign.
What is the Kisan Credit Card Scheme: With the help of the Kisan Credit Card, a farmer can get a short-term loan from the bank to meet his agricultural needs.
Through this card, farmers can get cheap loans from the bank. This scheme was started in 1998 by the Reserve Bank of India and NABARD on behalf of the Central Government. Under this scheme, farmers are provided loans up to Rs.
Benefits of getting a Kisan Credit Card:
Farmers get many benefits by making Kisan Credit Card. Some of those benefits are as follows:
- Through KCC, farmers can get loans up to Rs 5 lakh from the bank.
- Rebate is provided to the farmers on the loan given under KCC.
- The loan taken under Kisan Credit Card attracts an interest of 4 percent per annum.
- If the farmers pay the loan taken through the KCC card before the stipulated period, then such farmers are provided a subsidy of up to 3 percent of the loan amount taken by the farmer from the government.
- Along with this, farmers have to pay interest in the form of only 4 percent out of the amount of 7 percent interest rate.
Apart from crop loans, loans will also be available from KCC for other works: Now farmers can take loans from KCC for other works besides crop loans.
The Reserve Bank of India has issued a circular on July 4, 2018. In which the objective of this scheme is to facilitate the joint liability of farmers including farmers, individual / joint borrowers who are farmers themselves, tenant farmers, oral lessees and sharecroppers, self-help groups, tenant farmers, sharecroppers, etc.
Flexible and simple process for their farming and other needs. To provide adequate time-bound support from the banking system under a single window.
How much interest is charged on taking a loan from Kisan Credit Card: The Government of India is also giving the benefit of an interest subvention scheme to the farmers with a view to providing short-term crop loans at concessional interest rates. Under this scheme, short-term crop loan up to Rs.3 lakh is available through KCC at a benchmark rate of 9 percent for farmers engaged in agriculture and allied activities.
The government of India provides a 2 percent interest subvention on the benchmark rate. An additional 3 percent rebate is also given to farmers who make early and timely repayment of loans, thus reducing the effective interest rate to 4 percent per annum.
Farmers will not have to pay fees for getting KCC made: On the instructions of the Central Government, the Indian Bankers Association has abolished the processing fee, inspection, ledger folio, renewal fee for preparation of KCC, and all other service charges for issuance of new KCC. In this way, farmers will not have to pay any kind of fee for getting KCC made.
How much loan can the fisherman and animal husbandry get from KCC: Farmers can get a loan of up to Rs 3 lakh for agriculture-related works. Whereas for fish farmers and livestock farmers, loans up to Rs 2 lakh can be taken through KCC.
What documents will be required to get KCC made: The documents required by the farmers to get KCC made are mainly agricultural papers, a residence certificate, and an affidavit that states that you do not have any loan outstanding in any other bank.
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