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PM Kisan Beneficiaries Can Now Get Loans at Low Interest Rate Jul 25, 2021, 13:17 IST
The PM Kisan, a Central Sector scheme is providing income support of Rs 6,000 per year to farmers for crop investment.PM Kisan beneficiaries can now avail of low-interest loans through Kisan Credit Cards(KCC).
The PM Kisan Samman Fund is a scheme that benefits farmers by the Central government. It is known that Rs. 6,000 is being provided to the farmers for agricultural investment in three installments per year. However, PM Kisan Credit Cards are also easily available to PM Kisan beneficiaries.
Through the PM Kisan scheme, farmers can avail of loans at very low interest rates. This eliminates the need for farmers to borrow money at high interest rates in the market. Besides this, the farmers will be given a loan up to Rs 3 lakh without any security and complimentary insurance coverage is also available.
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