Kisan Credit Card: Know how much is the Kisan Credit Card limit, and how much interest is charged to you on it

The central government works on many schemes for farmers, in such a situation, the name of one scheme is Kisan Credit Card Yojana. Using this, crores of farmers across the country take loans of lakhs of rupees for farming expenses. Recently on 1 February 2025, the Finance Minister of the country Nirmala Sitharaman presented the Union Budget. The Finance Minister announced to increase in the limit of loans given under Kisan Credit Card.

Now this much loan has been made

If media reports are to be believed, where earlier a loan of Rs 3 lakh was available under Kisan Credit Card, now it has been increased by 2 lakhs to 5 lakhs. But do you know that by using Kisan Credit Card, crores of farmers across the country take loans of lakhs of rupees for farming expenses, but how much interest do they have to pay for it.

This much interest is charged

Actually, the farmer taking loan on Kisan Credit Card was earlier given a loan of Rs 3 lakh at an interest rate of 7 percent. This loan is given for 5 years, but if a farmer repays this loan on time, then he also gets subsidy on interest from the government. The farmer who repays the loan on time gets a subsidy of 3 percent on the interest rate of 7 percent from the government. That is, he has to repay the loan taken on Kisan Credit Card at an interest rate of just 4 percent instead of 7 percent.

Disclaimer: This Content Has Been Sourced And Edited From [Abp News]