A loan of Rs 1.60 lakh is available in PM Kisan Yojana, without any guarantee, but what to do if you need more loan than this?
A loan of Rs 1.60 lakh is available in PM Kisan Yojana, without any guarantee, but what to do if you need more loan than this? This is the solution PM’s address in the 17th Episode of ‘Mann Ki Baat 2.0’ (begins by conveying greetings on Vijayadashami & VOCAL FOR LOCAL..) Kisan Credit Card Agriculture Loan: The question that often comes to the mind of farmers is what to do if they need a loan of more than Rs 1.60. It has also been resolved in this scheme. Kisan Credit Card Agriculture Loan: Under the Pradhan Mantri Kisan Samman Nidhi Yojana (Pradhan Mantri Kisan Samman Nidhi), loans are provided to farmers through Kisan Credit Card. These loans are available at a much cheaper rate than other banks. On repaying loans to farmers on time, farmers get a loan of up to 3 lakh rupees at a cheaper interest rate of 4 percent. Under the scheme, a loan of Rs 1.60 lakh is given without guarantee. GST collections cross Rs 1 t...