The state government is going to provide credit card facility to lakhs of needy farmers.
To save the farmers from the clutches of moneylenders, the scheme of getting credit cards from banks is being implemented, so that they can easily get loans at cheap rates for farming work. Every year the target of making Kisan Credit Card is also fixed, but lakhs of needy farmers in the state are not getting this facility. The condition is that the credit cards of all the farmers who have received the Kisan Samman Nidhi have not yet been made.
This time the expected rainfall has not been received in the Kharif season. The total rainfall in the state is less than 50 percent. About two dozen districts have not received even 40 percent rainfall. In view of the rainfall, reports have been sought from all the districts on the drought situation. Farmers who have planted paddy or sown other crops have to do enough to save the crop. For this they need money. In such a situation, Kisan Credit Card can benefit everyone.
This year 65 lakh 21 thousand 802 farmers have a target of making credit cards, out of which only 21 lakh 79 thousand 363 farmers, ie only 33 percent, have been able to get the card till July 31.
Agriculture Department Director Insurance Rajesh Kumar Gupta said that banks have been instructed to make credit cards faster. This year, 2,69, 23 cards have been made in Lucknow and adjoining districts of Unnao, Rae Bareli, Sitapur, Hardoi, Lakhimpur Kheri etc. to make Kisan Credit Card.
kisan credit card Scheme Details
Go to the bank with Aadhaar card, PAN card and agricultural land documents like Khasra, Khatauni and share certificate or Kisan credit card is made on applying online.
Loans ranging from 30 thousand to three lakh rupees are easily available. The loan is given at the rate of seven percent interest, if the money is repaid on time, then only four percent interest is charged.
Features:
Type of Facility: Revolving cash credit account. Credit balance in the account, if any, willfetch interest at Savings bank rate.
Quantum of Loan: Need Based finance considering cropping pattern, acreage and Scale of Finance (SOF).
Margin: Nil
Moratorium: NA
Repayment: The repayment period as per the crop period (Short/ Long) and marketing period for the crop.
Security:
Primary: Hypothecation of Crops grown / assets to be created out of Bank finance.
Collateral: Equitable mortgage / registered mortgage of land / immovable property as applicable of the value of 100 % loan. However, collateral is waived for KCC limit up to Rs. 1.60 lakhand up to Rs.3.00 lakhs, in case of tie up arrangement.
Interest Subvention: 3% p.a. interest subvention for prompt borrowers up to Rs. 3.00 lakhs.
Other:
Tenure: 5 years, with 10% annual increase of limit every year, subject to annual review.
Rupay debit cards for all eligible KCC borrowers.
Insurance:
a. Eligible crops may be covered under PRADHAN MANTRI FASAL BIMA YOJNA (PMFBY) on premium payment.
b. Borrower should also opt for Personal Accident Insurance, Health Insurance (wherever applicable).
For more details visit https://sbi.co.in/web/agri-rural/agriculture-banking/crop-loan/kisan-credit-card
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