Know KCC Benefits: How to Apply and Use Kisan Credit Cards for Farming..

For the benefit of farmers and herdsmen, the central government has implemented numerous programmes. Farmers can also get credit cards for animal husbandry from the central government. It has a negligibly low interest rate. How should I react? Can you breed cows and buffalo with a credit card?

India is an agriculture nation. This profession employs a sizable portion of the nation. Farmers work in both agricultural and animal husbandry. The production of milk is a significant industry in animal husbandry. Both farmers and non-farmers are encouraged by the federal and state governments to develop animal husbandry. medication and financial aid for buying animals. Farmers are also given credit cards at the same time.

For farmers and non-agricultural livestock keepers, there is no budget. The national government has good news for these people. Farmers who raise livestock, produce dairy products, or raise fish are given access to Kisan credit cards by the federal government. As a result, the KCC campaign was launched nationwide by AHDF. Farmers can borrow up to Rs. 3 lakh at 4% interest with a credit card.

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27 lakh farmers got credit card.

Beginning in 2020, the central government will start issuing credit cards. Loan cards have now been given to more than 27 lakh farmers. One and a half million additional farmers have joined the new campaign that the central government launched. Credit cards are also being used by farmers across the nation.

The campaign will continue till 31st March 2024

A strategy for the new campaign has also been developed by the national administration. A campaign is being run by the Departments of Animal Husbandry and Dairying, Fisheries, and Financial Services to offer credit card perks to dairy, fish, and animal husbandry farmers. On May 1, 2023, this campaign will officially begin. It will last till March 2024. Nationwide AHDF KCC Campaign was its name. The bank and other departments have been given instructions in this regard.

Kisan Credit Card (KCC) benefits

The Kisan Credit Card is also quite advantageous. For instance, a farmer can obtain a loan of Rs. 3 lakh. For loans up to 1.60 lakh, no collateral is needed. A Rs. 50,000 cover is given in the event of the cardholder’s death or permanent disability. The second accident will be covered for Rs. 25,000. Along with a credit card, a savings account can be opened as well. Debit card and smart card options are also available with better rates. After the harvest, farmers can pay back the loan.

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