KCC form has been given on PM Kisan scheme website PMkisan.gov.in. In this, there is a clear instruction that banks can loan only by taking 3 documents. It takes Aadhaar card pan and photo to make KCC. Also an affidavit has to be given.
New Delhi: The next installment of 2000 rupees of PM Kisan is coming soon. According to media reports, the government is going to release it. If you too are looking forward to this installment, you can check on PMkisan.gov.in. The Modi government also provides a loan at a cheaper rate to the beneficiary of PM Kisan. This loan is available on the Kisan Credit Card (KCC) to be made under the Atmanirbhar Bharat Yojana. The government had directed to include every farmer in this scheme last year.
After this, banks and other institutions linked the KCC scheme to the Pradhan Mantri Kisan Samman Nidhi Yojana (PMSYM) for farmers taking loans. Due to this, farmers are getting easy installments and low interest loans. If you have not taken advantage of this service then you can take it.
KCC is available on these documents
KCC form has been given on PM Kisan Scheme website PMkisan.gov.in. In this, there is a clear instruction that banks can loan only by taking 3 documents. It takes Aadhaar card, Pan and photo to make KCC. Also, an affidavit has to be given, stating that you have not taken a loan from any other bank. As of February 2020, there were approximately 6.67 crore active KCC accounts.
These banks provide KCC
Farmers who want to build KCC can contact the Co-operative Bank, Regional Rural Bank, National Payments Corporation of India, State Bank of India (SBI), Bank of India and Industrial Development Bank of India (IDBI).
How to get the form
1. Go to pmkisan.gov.in to download the KCC form.
2. On the right side of the Forms tab in the website, the Download KKC Form option is given.
3. Print the form from here and submit it to the nearest bank.
4. The government has kept the validity of the card for 5 years.
Loan up to 3 lakhs on KCC
The farmers are given loans up to Rs 3 lakh from KCC. The interest on the loan is 9 percent, but on the KCC, the government subsidizes 2%. This gives the farmer a loan at 7 per cent interest on KCC. If the farmers repay the loan before time, then they get a rebate of 3% on the interest, that is, the total interest is 4%.