Credit Card scheme: Many schemes are started by the government for the common citizens. Now in the meantime, the government has made changes in a scheme related to credit cards.

Under which the government is providing a credit card (rules of Credit Card) with a limit of up to 5 lakhs. The interest rate in this will also be only 4 percent. Let us know through the news how you can get a credit card.

The government took these steps.

Let us tell you that Finance Minister Nirmala Sitharaman has increased the loan limit under the interest waiver scheme from Rs 3 lakh after the change in the budget speech 2025-26, which has been announced to be increased to Rs 5 lakh.

The Narendra Modi government has been encouraging the improvement of the financial condition of the citizens for many years. The government has launched many schemes for the common citizens, such as Pradhan Mantri Kisan Samman Nidhi Yojana for the farmers of the country, etc. This scheme has benefited the farmers a lot.

Amendment in Credit Card Limit

For your information, let us tell you that recently the Narendra Modi government at the Center has also changed the limit of Kisan Credit Card. The government is providing credit cards of Rs 5 lakh limit to farmers at affordable interest rates. Let us tell you that the Kisan Credit Card (KCC Kya hai) is a banking product, that fulfills many needs of the farmers.

This card is not only helpful for farmers to buy agricultural items like seeds, fertilizers, and pesticides but also to meet the cash needs related to crop production and related activities.

You can get the card at low interest.

Now after the amendment, the interest rates on the Kisan Credit Card (Credit Card scheme) are also very low. Payment can be made easily through Kisan Credit Card at low interest rates. This scheme was started in the year 2019. This scheme (Credit Card scheme ke fayde) was expanded so that the working capital needs of activities related to animal husbandry, dairy, and fisheries can be covered.

How many farmers benefited

The Kisan Credit Card scheme has benefited millions of farmers. According to the Finance Ministry, by December 31, 2024, the amount has crossed Rs 10 lakh crore through the current Kisan Credit Card (govt Credit Card) accounts. According to the data, 7.72 crore farmers have used the Kisan Credit Card.

How are the interest rates charged?

Let us tell you that under the changed interest subsidy scheme of Kisan Credit Card, banks are given the benefit of a 1.5 percent interest exemption for giving short-term agricultural loans up to Rs 3 lakh at concessional interest rates of 7 percent per annum.

If the farmers repay the loan on time, then an additional repayment of 3 percent is made to the farmers. According to this, only a 4 percent interest rate is saved on the farmers. Along with this, loans up to Rs 2 lakh are given on a collateral-free basis. Small and marginal farmers get the most benefit from this.

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