pm kisan yojana beneficiary will get kisan credit card from central government mdn

What is Kisan Credit Card?

Kisan credit card (Kisan Credit Card) is a special type of loan receipt magazine which provides facilities to Indian farmers for financial relations. This loan is helpful to the farmers to meet their agricultural production and job related needs. Its objective is to provide financial support to farmers for various agriculture related activities. The Kisan Credit Card scheme is run by various financial institutions in India such as banks and agricultural marketing companies. Under this, there are different categories of grants or loans, which are provided to the farmers based on their needs. The government started Kisan Credit Card in the year 1998. In this, farmers get loan at an interest rate of 4 percent. These categories may include seeds, fertilizers, weapons, drugs, equipment, electricity etc. Under many Kisan Credit Cards, there may be special schemes for installment payment and timely benefit payment. Loans given under Kisan Credit Card have a limited time sanction, which is usually on an annual basis.