KCC Card: Farmers will get loans on this card at low interest, know how to apply..
The Bihar government has given a big gift to the people doing farming. The announcement of the Bihar government will give a lot of relief to the farmers and they can take advantage of up to three lakh rupees. The Bihar government will now give a one percent additional subsidy to the farmers on the KCC loan (KCC loan scheme) in Bihar. In such a situation, the farmers taking advantage of this scheme will get a four percent subsidy in interest.
It is worth noting that at present farmers get a three percent subsidy on Kisan Credit Card i.e. KCC loan, which is given by the central government. Now it has been increased and with the additional 1 percent subsidy of the central government as well as the Bihar government, farmers will now get a subsidy of 4 percent (KCC card benefit).
Loan up to three lakh rupees at this percentage of interest.
Under this scheme, farmers can take a loan of up to three lakh rupees from the bank. The Bihar government has approved the additional subsidy on interest and now farmers will start getting the benefit of this one additional percent (KCC card interest rate). The Bihar government has also approved Rs 10 crore for the year 2024-25, which will be distributed among the farmers in the form of a loan. Let us tell you that under this scheme, farmers can take a loan of up to three lakh rupees at 7 percent interest. For 7 percent interest (Kisan credit card benefits), the central government gives a subsidy of three percent to the farmers. Whereas now an additional subsidy of one percent has also been announced by the state government. So overall, farmers will get a subsidy of four percent and they will be able to take loans at only 3 percent interest.
Farmers will get this benefit.
Let us tell you that any KCC cardholder can take a loan under this scheme. However, he will get the benefit of additional interest subsidy only when he returns his loan to the bank within the stipulated time (KCC card scheme benefits). Actually, by taking a loan under the KCC loan, farmers can purchase agricultural technology from it. Along with this, he can also invest in seeds, fertilizers, pesticides, irrigation, etc. The Bihar government has taken this decision to increase agricultural production. So if you are also a farmer and want to take advantage of an agricultural loan, then you can apply for it today (loan for farmers).
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