kisan credit card benefits: Every farmer knows the benefits of Kisan Credit Card. Those who know the benefits of Kisan Credit Card and those who do not know the benefits of this card, this news is for everyone. The farmers of the country can take loan with the help of this card at very low interest rate.
It has many other advantages as well. After reading this news, those farmers will be happy whose bank account is in Union Bank of India and Federal Bank. Both the banks started a pilot project and under this project, banks have started giving KCC (kisan credit card) to the farmers in a digital way. Banks have announced to do away with the requirement of attendance at the bank branch for verification of papers related to agricultural land.
What are pilot projects
Under the pilot projects, emphasis has been laid on digitization of banks in rural areas. This project has been started by the Reserve Bank. Let us tell you that Union Bank of India has started a pilot project in Harda district of Madhya Pradesh. Along with this, Federal Bank has started this project in Chennai. Union Bank officials say that soon it will be implemented across the country.
What will be its benefit
Farmers are expected to get full benefit of this. The government has also mentioned earlier that farmers have to move forward with the changing technology. With the online process started under the pilot projects, now farmers can apply for Kisan Credit Card (KCC) from mobile sitting at home. Along with this, this process will save the time of the farmers and there will be less congestion in the banks. Farmers do not need to visit the bank for verification of land papers. The bank itself will verify the agricultural land paper online.