Kisan Credit Card(KCC)Saturation drive for PM-KISAN beneficiaries started from 10th February 2020 and will be carried out for a period of 15 days
To enable universal access to Concessional Institutional credit, Government of India has initiated a drive in Mission Mode for saturating all PM-KISAN beneficiaries with Kisan Credit Card (KCC). This will help all such farmers to get short term loan for crop & animal/fish rearing at a maximum interest of 4% on timely repayment.
This drive has started from 10th February, 2020 and will be carried out for a period of 15 days.
As the KCC along with benefit of Interest Subvention has now been extended to animal husbandry and fisheries farmers also.
In addition to the KCC, with a view to provide social security to the PM KISAN beneficiaries, eligible farmers will also be enrolled for the Pradhan Mantri Suraksha BimaYojana (PMSBY) and Pradhan MantriJeevanJyotiBeemaYojana (PMJJBY), after obtaining their consent. These schemes provide accident insurance and life insurance, at a premium of Rs.12/- and Rs.330/- respectively for an insured value of Rs.2 lakh in each case.