In the budget, the government has also made many other big announcements regarding farmers. These include Dhan Dhanya Krishi Yojana, help to 1.7 crore farmers through agriculture program, agriculture scheme to cover 100 districts with low productivity.

Finance Minister Nirmala Sitharaman said that the goal of the National Mission for Edible Oil and Seeds is to bring self-sufficiency in this sector. Under this, we will start a 6-year mission to become self-sufficient in pulses. – Central agencies will purchase tur, urad, lentils in the next 4 years. Makhana Board will be formed in Bihar to improve processing, value addition.

In the budget, the government said that agricultural district programs will be developed on the lines of the aspiring district program. Crop diversification, irrigation facilities, availability of loans will help 1.7 crore farmers. This scheme will adopt crop diversification, increase storage after harvesting. This will help 1.7 crore farmers.

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The post Kisan Credit Card Limit: Govt has increased the limit of Kisan Credit Card from Rs 3 lakh to Rs 5 lakh. Key Details Inside first appeared on Rightsofemployees.com.

Kisan Credit Card: RBI has announced a big relief for crores of farmers of the country. The announcement made by the central bank will come into effect from the new year i.e. January 1. Under this, farmers will now be able to take more guarantee-free loans than before.

The central government is running various schemes to empower farmers economically. Apart from the government’s most ambitious scheme Pradhan Mantri Kisan Samman Nidhi, PM Kisan Crop Insurance Scheme is also included in these. Finance Ministry officials had recently held a meeting with bank heads and asked them to provide maximum loans to farmers and help them in self-employment. Under this, RBI has taken a big step for the farmers. Yes, now farmers across the country will be able to get more loans than before without guarantee.

The limit of unsecured loans for farmers has been increased

The Reserve Bank of India (RBI) has increased the limit of unsecured loans for farmers from January 1, 2025. Yes, from the new year, farmers across the country will be able to take loans up to Rs 2 lakh from banks. Earlier, the limit under this was up to Rs 1.6 lakh. In this way, RBI has increased the loan limit of Rs 40 thousand for farmers. RBI has taken this step with the aim of helping small and marginal farmers amid the rising cost of farming.

More than 86 percent of the country’s farmers will benefit.

The new directive asks banks across the country to waive collateral and margin requirements for agriculture and related loans up to Rs 2 lakh per borrower. According to the Agriculture Ministry, this decision has been taken to improve rising costs and access to credit for farmers. The statement said that this measure will greatly benefit more than 86 percent of small and marginal landholder farmers.

Banks have been ordered to implement the related order quickly and make customers as aware as possible about the new loan rules. This step is expected to facilitate easy access to Kisan Credit Card (KCC) loan and will complement the government’s revised interest subsidy scheme. Under this scheme, the government provides a loan of up to three lakh rupees at an effective interest rate of 4 percent. More than 12 crore farmers of the country will be able to take advantage of the rule being implemented by the RBI.

6000 crore rupees are received every year

Let us tell you that under the PM Kisan Samman Nidhi scheme of the Central Government, about nine and a half crore farmers are given financial help of Rs 6000 annually. This money is given to the farmers in three installments of Rs 2000 each. This money is transferred by the government to the accounts of eligible farmers through DBT.

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The post Agricultural Loan Limit: RBI Increases Collateral-Free Agricultural Loan Limit from ₹1.6 to ₹2 Lakh first appeared on Rightsofemployees.com.

Today the Union Cabinet has given a very good news to the farmers. Now the government has approved another scheme for the farmers today. Apart from PM Kisan Scheme, Kisan Credit Card, from now on crores of farmers of the country will also get the benefit of PM-Pranam scheme. Today the Central Government has approved this scheme. Finance Minister Nirmala Sitharaman had given information about this scheme while presenting the budget in February.

Which farmers will get benefit?

The Union Cabinet on Wednesday approved a new scheme ‘PM-Pranaam’ to promote alternative fertilizers and encourage states to reduce the use of chemical fertilizers. Finance Minister Nirmala Sitharaman had announced the implementation of the PM PRANAM (PM Program for Restoration, Awareness, Creation, Nurturing and Improvement of the Earth) scheme in the budget for 2023-24 presented on February 1.

What is the objective of this scheme?

Through this scheme, the government will work to reduce the chemical fertilizer subsidy, which will reduce the use of chemical fertilizers in agriculture. Fertilizers with less chemicals than this will not only improve the quality of the land, but also people will be able to get more healthy food and their lifestyle will also improve. Apart from this, the expenditure of the government will also be less.

Mansukh Mandaviya informed

after the cabinet meeting, Fertilizer Minister Mansukh Mandaviya told reporters that under this scheme, the Center will encourage the states to promote alternative fertilizers and reduce the use of chemical fertilizers.

Citing an example, he said that if a state using 10 lakh tonnes of conventional fertilizers reduces its consumption by three lakh tonnes, then subsidy of Rs 3,000 crore would be saved. Out of this remaining subsidy, 50 percent i.e. Rs 1,500 crore will be given to that state for the use of alternative fertilizers and other development works.

This decision was also taken for the sugarcane farmers.

Apart from this, a big decision has been taken today for the sugarcane farmers across the country. The FRP i.e. Fair and Remunerative Price for sugarcane has been increased to Rs 315 per quintal. It has been implemented for the marketing year 2023-24. Apart from 5 crore sugarcane farmers, 5 lakh workers will also benefit from this decision of the government.

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Finance Minister ordered

Apart from the PM Kisan scheme, the government is providing the facility of KCC scheme to the farmers, in which the farmers are getting the benefit of lakhs. Finance Minister (FM Nirmala Sitharaman) had ordered to issue Kisan Credit Card to all the beneficiary farmers of PM Kisan Samman.

Getting financial assistance

Through this scheme with the lowest interest in the country, financial assistance is given to the farmers. In between, subsidy is also announced by the government in the amount of KCC loan. Under this scheme, farmers get money at the lowest interest. Most of the farmers take money from it when needed in agricultural work. This scheme was started by the government to save the farmers from the clutches of moneylenders and high interest.

The amount is available at the rate of 4 percent

In the Kisan Credit Card scheme, the farmers of the country are given loans at the rate of interest of 7 percent. If the loan amount is returned on time by the farmer, then the farmer is given a rebate of 3 percent in the interest rate. That is, only 4 percent interest remains on the loan amount. The government is trying to provide the facility of Kisan Credit Card to all the PM Kisan beneficiaries of the country in the coming times.

More than 3 crore farmers linked to the scheme

By July 2022, more than 3 crore farmers have been linked to the Kisan Credit Card (KCC) scheme under a special campaign by the government. Under this scheme, the number of beneficiary farmers is increasing continuously. Under the Kisan Credit Card Scheme, those aged 18 to 75 years can apply. In the coming days, this amount can be increased to Rs 5 lakh from the government side.

How can apply

PM Kisan Nidhi (PM Kisan Nidhi) has been linked to the scheme to make it easier to reach the farmers. Along with this, banks have been asked to use the data of PM Kisan Nidhi Yojana to give its benefit to maximum farmers. The form of Kisan Credit Card is also given on the website of PM Kisan. If you want to get a Kisan Credit Card, then fill the form and submit it to any bank and you will get the benefit of the scheme.

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Keeping this in mind, Union Minister of State for Finance Bhagwat K Karad has made an appeal to the bank staff. Appealing for further improvement in banking service, he said that banks should work considering customers as God. Earlier, Finance Minister Nirmala Sitharaman had also asked to simplify the banking system in a meeting with the bank heads.

Move towards reducing the problem points

Addressing the ‘Customer Conference’ program organized by Bank of Maharashtra (BoM) this week, Karad said that banks should improve their customer service. Along with this, progress should also be made in the direction of reducing the problem points. He also asked the customers to be helpful in repaying the loans, so that the financial condition of the banks remains good.

Regarding Kisan

Credit Card (KCC), he urged all the banks including BoM to take this scheme to more farmers. He said that the banking sector needs to help small and marginal farmers, youth and women entrepreneurs and act as a catalyst of growth. Let us tell you that with this order of the Union Minister, the work related to the banking sector is expected to be done more easily in the banks in the coming times.

State Bank of India (SBI), ICICI Bank, HDFC Bank and Punjab National Bank have the highest customer base in the country. In such a situation, the customers of these banks will get the benefit of the order of the Finance Minister.

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In such a situation, to help these people, the government has many schemes like PM Kisan Yojana, PM Kusum Yojana, Kisan Tractor Yojana, Pradhan Mantri Fasal Bima Yojana, Pradhan Mantri Kisan Maandhan Yojana, Kisan Credit Card etc. drives. The purpose of all these schemes is that through this scheme the government can help the farmers financially. Kisan Credit Card is such a scheme through which farmers get loan for animal husbandry, agriculture, dairy farming etc. at a cheap rate. Kisan Credit Card is issued for a time limit and when it expires, it has to be issued again.

Farmers can get their credit renewed sitting at home

Let us tell you that some banks of the country have given the facility to renew their credit cards online to their customers. One of these banks is Indian Bank. Recently, the bank has given information by tweeting on this matter through its official Twitter handle that now the farmers can easily renew the Kisan Credit Card by sitting at home. Tweeting on this matter, Indian Bank has told that we understand the importance of your time. You can renew your Kisan Credit Card sitting at home. For this you have to submit some documents.

We, at Indian Bank, understand how important your time is. You can now digitally renew your Kisan Credit Card without visiting the bank or submitting any extra documents. So, if you are planning to renew your KCC, visit our
website right away. https://t.co/fI8BX0NTve#IndianBank pic.twitter.com/GB0ptupgUY

— Indian Bank (@MyIndianBank) November 19, 2022

Method to renew Kisan Credit Card sitting at home –
1. For this, click on the link of the bank’s Kisan Credit Card renewal website https://www.indianbank.in/departments/digital-lending/.
2. After this you go to the Apply For KCC Digital Renew option.
3. Next you choose your language.
4. After this enter your KCC number and login.
5. After this, you renew the card by entering all the details.

KCC can also be done offline
Apart from renew online, you can also renew Kisan Credit Card offline. For this you go to the bank with your bank’s KCC card and fill a renewal form there. After this, the bank will ask you to submit some documents. After a few days your credit card will be renewed. Keep in mind that with this process you can get the card renewed in any bank like SBI, BOB, PNB.

Know about the benefits of Kisan Credit Card-
Through Kisan Credit Card, the government gives loans up to Rs 3 lakh to the farmers. Only 4 percent interest rate is charged on this loan. Farmers can spend money for any work related to agriculture through credit card. With this, farmers can take money for all the work like fertilizers, seeds etc. It has become easier for the beneficiaries of Pradhan Mantri Kisan Samman Nidhi Yojana (PM Kisan Scheme) to apply for KCC. Now the beneficiaries of PM Kisan can easily apply for KCC.

You can apply for Kisan Credit Card by visiting any RRB, Small Finance Bank and Cooperative Bank in the country. State Bank of India, Punjab National Bank customers only submission of documents like Aadhaar card, PAN card, land documents, ID password of PM Kisan Samman Nidhi Yojana etc. Will happen. After this the bank will easily issue you the Kisan Credit Card. Keep in mind that this process is followed in all those banks which provide the facility to renew the Kisan Credit Card.

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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.

The post Kisan Credit Card: For Kisan Credit Card, get rid of the affair of banks, work will be done from mobile sitting at home; Only they will get this facility first appeared on Rightsofemployees.com.

The Kisan Credit Card loan scheme, launched by the Government of India in 1998, is one of the schemes aimed at providing short-term credit to farmers in the agriculture, fisheries and animal husbandry sector. Through this, farmers can get short-term loans that help them buy equipment and manage other expenses.

Who is eligible for Kisan Credit Card

• According to RBI’s Master Circular on Kisan Credit Card Scheme, these people are eligible
• Farmers – Individual / Joint borrowers who are owner farmers
• Tenant farmers, oral lessees and sharecroppers
• Self Help Groups (SHGs) or Joint Liability Groups (JLGs) of farmers including tenant farmers, sharecroppers etc.

Features of Kisan Credit Card

• Farmers can take loan up to Rs. 3 lakh and also get marketing loan.
• It also provides insurance cover for the plan holders up to Rs.50,000 in case of permanent disability or death and up to Rs.25000 in case of other risks.
• It provides assistance in the purchase of fertilizers, seeds, etc. as well as obtaining cash discounts from traders/dealers.
• The credit is available for a period of up to 3 years and can be repaid after the harvest season is over.
• No collateral will be required for loans up to Rs 1.60 lakh.

How to Apply for Kisan Credit Card

• Interested persons have to visit the bank
• Fill the required application with all the details
• Before approval, the bank will check the credit score of the applicant
• Bank applicant’s land holding, cropping pattern, income etc. will also be checked.

Documents Required for Kisan Credit Card

• Duly filled and signed application form.
• Copy of Identity Proof like Aadhar Card, PAN Card, Voter ID, Driving License etc.
• Copy of Address Proof Document like Aadhar Card, PAN Card, Voter ID, Driving License. The proof must contain the current address of the applicant to be valid.
• land document.
• Passport size photograph of the applicant.
• Other documents such as security PDC as requested by the issuing bank.

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If you are also a farmer and need money, then you can take advantage of this government scheme in minutes.

What is government scheme?

Let us tell you that apart from PM Kisan, the Kisan Credit Card scheme has been started by the government, under which you get the benefit of agricultural loan. You can take this loan sitting at home. The special thing is that you get this loan without any guarantee.

Earlier, the benefit of only 1 lakh was available, earlier under this scheme, the government used to provide loans up to Rs 1 lakh to the farmers, but in view of the needs of the farmers, the government has increased its amount to 1.60 lakh. This facility has been started to increase the income of farmers and to meet the needs of agriculture.

The benefit of subsidy is also available, under the KCC scheme, farmers have to provide loan facility in difficult times. Apart from this, the government also gives the benefit of 2 percent subsidy on the interest of KCC loan. You also get a 3% incentive discount if you repay the loan on time. At the same time, the annual interest of the credit card is 4 percent.

Who can get this card

made, any farmers whose names are Khatauni can get this card made. Apart from this, the age of the person applying for the card should be between 18 years to 75 years. The farmer’s khatauni should not be mortgaged with any bank or institution.

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