Kisan Credit Card is an initiative started by the Government of India for farmers so that the farmers of the country can get loans at a reasonable rate. Under KCC the government will provide loans to farmers for the cost of cultivation, crop and farm maintenance. Anyone who has land and wants to do any work related to farming, can easily get a kisan credit card loan. Under the Kisan Credit card Government provides loans to farmers at 4% interest rate instead of 7%. Eligibility criteria for Kisan Credit Card Loan? Minimum Age - 18 years Maximum Age - 75 years If the borrower is a senior citizen (above 60 years of age), then a co-borrower is compulsory for him. The co-borrower must legally inherit the land. All farmers - Individuals or joint farmers SHG / Joint Liability Group including tenant farmers Tenant farmers, oral lessees and share crops. Although often there is a question in the mind of the farmers that they are getting an annual installment of 6 thousand rupees under the PM Kisan Samman Nidhi, but where to get the Kisan Credit Card? Actually, according to the Kisan Credit Card Scheme, these cards can be easily obtained from any co-operative bank, the Regional Rural Bank. National Payments Corporation of India issues rupee cards. It can also be easily obtained from the country's largest bank State Bank of India, Bank of India and IDBI Bank. What farmers should do to get a loan at 4% interest instead of 7%? Loans up to Rs 3 lakh are provided to farmers under the Kisan Credit Card without any guarantee. At the same time, short-term loans of up to Rs 3 lakh are also given in 5 years. Whose interest rate is just 4 percent. Although the loan is generally available at the rate of 9 percent, the government gives a subsidy of 2 percent on it. In this sense it becomes 7 percent. On the other hand, if the farmer returns this loan on time, then he gets a further rebate of 3%. That is, the farmer only has to pay interest at the rate of 4 percent. On the other hand, if the farmers do not take loans through credit cards and take loans from other banks, then they have to pay 8 to 9 percent interest. Source: Krishi, jagran, 10 july 2020 If you find this information useful, like it and share it with your friends.