Krishi VaartaKrishi Jaagran
Loan without interest up to RS. 3 lakh under Kisan Pragati card
To meet agriculture related needs, the central and state governments provide loans to farmers at the lowest interest rate under the Kisan Credit Card Scheme. Now in this order, Ujjivan Small Finance Bank has launched Kisan Pragati Card to help them meet their needs. Kisan Pragati Card has been launched keeping in view the crop production, the needs of the small and marginal farmers of the country before and after harvest, working capital and other expenses for the preservation of agricultural wealth, etc. The Personal Accident Insurance Scheme (PAIS) will also be available under the Kisan Pragati card scheme.
Benefits of Kisan Progress Card:
• Kisan Pragati Card offers a credit limit of up to Rs 1 lakh for 5 years with an annual renewal option. • It also offers loans of up to Rs 1 lakh between 1 and 5 years
• There will be zero fee for loans up to Rs 3 lakh.
• Under the loan options, the Survivor Small Finance Bank provides Farmer Kisan Advanced Emergency Loyalty to meet the various economic needs of the farmers.
What is a Kisan Progress Card?
"Today, even though most of the population is dependent on income or livelihood farming, access to credit is very important to agriculture. Despite this, farmers, especially the small and marginal," said Sanjay Kao, chief business officer of Ujjivan Small Finance Bank. People are deprived of institutional credit, in turn, they are forced to go to the local moneylenders, which charge very high interest rates. Jeevan Small Finance Bank provides loans to farmers to meet their farming related activities and credit requirements at very attractive interest rates through Kisan Pragati card.
Source: Krishi Jagran, 7 March 2020
If you find this information useful, Like and Share it with all your farmer friends.