Will there be no interest on Kisan Credit Card? Government told the whole truth

The government made it clear that no decision has been taken not to take interest on KCC. 7 percent interest is charged on loans up to Rs 3 lakh given under Kisan Credit Card.

7 percent interest rate is applicable on loans up to Rs 3 lakh given under KCC.

A claim has been made on social media that from 1st April 2022 Kisan credit card ,Kisan Credit Card) no interest will be charged. It has been said in the claim that from the first day of the new financial year 2022-23 i.e. from April 1, KCC (KCC) but the interest is zero. However, the government has denied this claim. Don’t rely on it. The Press Information Bureau (PIB), the press agency of the Government of India, has told the truth of this viral message. PIB has done its fact check (PIB Fact Check) that the claim of giving interest-free loan under Kisan Credit Card is fake.

Let us tell you that the government has issued Kisan Credit Card to 2.92 crore farmers in the last two years under the KCC scheme. The interest rate for Agri loans up to Rs 3 lakh taken on this is 9 percent. But the government gives a subsidy of 2 percent in this. Whereas on returning the principal amount and interest on time, it gives 3 percent more discount.

what did the government say

In a fake picture of a newspaper, it is being claimed that no interest will be charged on Kisan Credit Card from April 1, 2022. Farmers will get free money on KCC up to Rs 3 lakh. At present farmers have to pay 4 per cent interest. The central government will have to bear an additional burden of Rs 16,000 crore. Giving clarification on the claim of this message, the government said that no such decision has been taken by the central government. The claim of giving interest-free loan under KCC is fake.

what is in viral message

Let us tell you that PIB Fact Check refutes false information on government policies or schemes. If you suspect any government related news to be fake, then you can inform PIB Fact Check about it. For this you can send 918799711259 to this mobile number or [email protected] email id.

How to get Kisan Credit Card made

The way to get Kisan Credit Card is easy. First of all, you go to the website of Prime Minister Kisan Samman Nidhi Scheme (pmkisan.gov.in). Here the option of Download Kisan Credit Form will appear in the Farmer’s Corner. By clicking on it, you can download the form. is of the same page. Fill it out completely. Attach photocopy of Aadhar card, PAN card. Put photo. Also put an affidavit, in which it is written that you have not taken loan from any other bank. After that deposit it in the nearest bank.

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