How to get a free credit card, know the application process
Since February 2020, the Union government has been running a special campaign to provide Kisan credit cards to farmers using PM Kisan Yojana and the eighth installment from PM Kisan Yojana could be released to farmers soon.
After linking the Kisan credit card to PM Kisan Yojana, the Modi government announced the issuance of the Kisan credit card at 2.5 farmer crore. So far, 1.5 crore farmers have received Kisan credit cards. Under this program, a target was set to provide 2 lakh crore rupees as a loan to farmers.
No need for KYC:
As a result of PM Kisan Yojana linking with Kisan credit card, farmers do not need farmers to obtain KYC. Now farmers have to complete a one-page form to get a Kisan credit card. This form can be downloaded from pmkisan.gov.in.
Points to keep in mind when applying for a Kisan credit card:
The minimum age of the farmer applying for the Kisan credit card must be 18 and the maximum age 75. Applicants over the age of 60 will also need a co-applicant to apply.Under the Kisan credit card, a farmer can get a loan of up to Rs 3 lakh for farming. This amount will be paid to the farmer at an interest rate of 4 percent. In addition to farmers, those who do animal husbandry, fishing can also apply for agricultural loans under the Kisan credit card. It is also not compulsory for the applicant to have agricultural land. Livestock or fishing can qualify for a loan of up to Rs 2 lakh at an interest rate of 4 percent.