Kisan Credit Card: While presenting Budget 2025 on February 1, Finance Minister Nirmala Sitharaman had talked about increasing the short term loan limit for Kisan Credit Card (KCC) holders from Rs 3 lakh to Rs 5 lakh, which will benefit 7.75 crore farmers. This order of the government is likely to be implemented from the next financial year.

Rebate will also be given in interest

According to the report of Financial Express, officials related to this have said that the Cabinet has approved the Interest Subvention Scheme for Agricultural Credit in order to meet the working capital needs of the farmers. Under this, farmers taking loans up to Rs 3 lakh will get interest rebate of up to 1.5 percent.

The objective behind this is to ensure adequate credit flow in the agriculture sector. “The appraisal report for the interest subvention scheme is being considered by the Expenditure Finance Committee. We are hopeful that the increase in short-term credit for KCC holders will be implemented from the next financial year,” an official told FE.

Crores of farmers will benefit

However, sources said that at present the average short term credit flow for each KCC holder is around Rs 1.6 lakh. That means at present every KCC holder takes an average loan of Rs 1.6 lakh. At present the number of active KCCs in the country is 7.71 crore, which also includes farmers involved in fisheries and animal husbandry. Apart from this, from January last year, RBI has also increased the limit of loan without guarantee under KCC from Rs 1.6 lakh to Rs 2 lakh.

Finance Minister Nirmala Sitharaman had said in her budget speech for 2025-26, “KCC provides short-term loans to 77 million farmers, fishermen and dairy farmers. Under the Modified Interest Subvention Scheme (MISS), the limit of loans taken through KCC will be increased from Rs 3 lakh to Rs 5 lakh.”

Under the Modified Interest Subvention Scheme (MISS) of the Agriculture Ministry, KCC holders can take a loan up to Rs 3 lakh at 7% interest for working capital needs. Farmers who repay the loan on time get an additional rebate of 3 percent, due to which the effective interest rate reduces to 4 percent.

How to apply for Kisan Credit Card?

• If you want, you can apply for it by visiting the official website of the bank or by visiting any of your nearest branches.
• From here you will first have to take the form for Kisan Card.
• After this, it will have to be filled and submitted along with necessary documents like Aadhar Card, Voter ID, PAN Card.
• The card will be issued after bank verification.
• Usually the card is received within 15-20 days of applying.

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5 Beneficial Schemes for Farmers: The population of farmers in the country is very good. About 90% of the population of the country lives through farming and farmers. The government runs a lot of schemes for these farmers. Those who benefit crores of farmers. Many farmers of the country are saying benefits under the Pradhan Mantri Kisan Samman Nidhi Yojana. In which the government gives them an amount of Rs 6000 every year.

But many farmers are still like this. Those who do not get benefits under the Kisan Samman Nidhi Yojana. Many such farmers are still struggling financially. But let us tell you that there are other schemes of the government which benefit the farmers. If you are not able to take advantage of Kisan Samman Nidhi Yojana. So you can get benefits through these five schemes. Let us tell you complete information about them.

https://www.youtube.com/watch?v=w1nddynlnea

Prime Minister crop insurance scheme

Crop insurance scheme for farmers is proving to be of great use. If you want to secure your farm and hard work. So this insurance scheme is best for you. In this, you have to pay only 2 to 5 percent amount and the rest of the amount is given by the government. Apart from this, if you come from states like North East, Jammu and Kashmir and Himachal, then nothing happens to you. In such a situation, the government bears the entire expenses. If the crop gets spoiled, then the insurance company directly transfer the claim amount to your account. For registration, you can use your nearest bank, CSC or Crop Insurance Mobile App.

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PM Kisan Handhan Yojana

If you are a small or marginal farmer aged 18 to 40 years. So this scheme can give you great benefit in future. This is a government retirement scheme in a way. It has to pay a small amount of just Rs 55 to 200 rupees every month. After this, you can get a pension of Rs 3000 every month after the age of 60 years. This payment will come directly to your bank account. To apply in this scheme, you can go to the nearest CSC Center, farmers can apply online directly from the portal of the Manadhan Yojana.

Kisan Credit Card (KCC)

If you want financial support for farming. So Kisan Credit Card is a great solution. With this, farmers get a credit limit of 3 to 5 lakh rupees directly without hassle. Under the government’s subsidy scheme, this loan is to be repaid at just 4 percent annual interest rate. With this card, requirements like farmer seeds, fertilizers, pesticides, diesel or irrigation can be met immediately. For this, you can visit the bank or common service center.

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PM Kusum Yojana

If you want to earn energy from farming as well as energy and extra. So this scheme is perfect. Under this scheme, farmers get government assistance of up to 60 percent on solar pumps and solar systems. A bank loan is available up to 30 percent and only 10 percent has to be spent. With this, farmers can do free irrigation and can also generate income by selling extra power in grid. For this, contact the online portal or the agriculture department of your district.

Prime Minister Agricultural Irrigation Scheme

If you want to cultivate smartly in less water, then this scheme is very beneficial. In this, the government gives financial help from 45 to 55 percent on micro irrigation systems like drip and sprinkler. This amount is transferred directly to the farmer’s account. This not only saves water. Rather, both the quality and yield of the crop are better. Applications can be made through the agricultural office or online portal of your district.

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Government schemes are continuously bringing color towards making the farmers of the country financially strong. In this episode, the Kisan Credit Card (KCC) scheme is proving to be a lifeline for millions of farmers. On Saturday, an information was shared on the social media platform ‘X’ by the office of Finance Minister Nirmala Sitharaman, which said that so far more than 4.65 crore KCC application of farmers has been approved.

What is a farmer credit card?

KCC i.e. Kisan Credit Card is such a banking means through which farmers get loans on easy terms to meet all the needs related to farming. With this, farmers can buy essential things like seeds, fertilizers, pesticides and can also meet the expenses incurred during farming on time.

This scheme is especially beneficial for small and middle class farmers, who often got caught in the clutches of usurers. Through KCC, farmers are now directly connecting with the bank and getting loans at an affordable rate according to their needs.

4.65 crore farmers got direct benefit

According to the information given by the government, so far the KCC application of more than 4 crore 65 lakh farmers has been approved. This means that these farmers have received loans from the bank at cheap rates for farming, due to which their income is expected to increase.

How to get Kisan Credit Card made?

• Aadhar card
• Land related documents
• Passport Size Photo
• Bank account number

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How does this card help?

• At the time of farming, money is available for the purchase of things like seeds, fertilizers, pesticides.
• It helps in buying agricultural machinery like tractor, pump, irrigation equipment.
• The time before selling the crop meets the need for cash.
• This card is also very useful even in emergency.