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SBI Update: SBI is giving a loan of Rs 3 lakh under the government scheme, know how much is the interest..

Shikha Saxena March 23, 2025 08:15 PM

The central government is running many schemes for financial assistance, in which special attention is paid to the progress of farmers. Under the Kisan Credit Card Scheme (KCC), the government is helping farmers to become self-reliant. In this scheme, farmers are provided cash for plowing and buying seeds before planting the crop. With this, farmers can meet their needs and improve the yield of their crops.

According to the Ministry of Agriculture and Farmers Welfare, the objective of the Kisan Credit Card Scheme is to provide loans to farmers at low interest rates through the banking system for their farming and other needs. Farmers should go to the nearest bank branch today and open a Kisan Credit Card (KCC) account. Accounts are being opened under the scheme in the State Bank of India (SBI) and post office.

3 lakh rupees are available at only 4 percent interest-

The objective of the Kisan Credit Card Scheme is to provide financial assistance to farmers for agricultural work. This scheme helps farmers through affordable interest rates and an easy loan process. Under this scheme, farmers can take a loan of up to Rs 3 lakh at a maximum interest rate of 7 percent, which helps in their agricultural development.

The government also gives a discount of 3 percent on the interest rate to farmers who repay the loan on time. In this way, only four percent interest has to be paid on the loan taken under the scheme.

Kisan Credit Card loan is available for these works-

Every farmer in the country is being given the benefit of the Kisan Credit Card Scheme (KCC Scheme). The age limit for application has been fixed from 18 to 75 years. Under the scheme, loans are given for many types of agriculture-related works including fish farming, agricultural machinery, fertilizer-seeds, and animal husbandry.

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