Krishi VaartaKrishi Jaagran
Currently, farmers will get relief from loans taken by KCC
Between the corona virus infection and the lock down, the government has decided to provide financial relief to the farmers at present. Explain, the central government has issued a directive for banks that the payment of EMI of all crop loans given to farmers through Kisan Credit Card should be stopped at present.
Now farmers taking crop loans can deposit their EMI payment by 31 May. With this, the central government also said that no interest will be charged by the bank at the time of repaying the loan from the farmer.
Farmers are in trouble due to unseasonal rains and lockdowns. This lockdown is also affecting the farmers and the amount they get in return.
Kisan Credit Cards are being made available to farmers across the country under the Pradhan Mantri Kisan Samman Nidhi Yojana. Through the Kisan Credit Card, banks provide loans up to Rs 1.5 lakh without guarantee to the farmers. Farmers get a loan of up to Rs 3 lakh at 4 percent interest rate. Through the Kisan Credit Card, the central government is trying to make the farmers financially competent. Loans up to Rs 1.60 lakh are given without guarantee under the Kisan Credit Card.
Source: Krishi Jagaran, 1 April 2020
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