Modi government make a plan for farmers. By sharimllb.

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 You are welcome once, your own website, today we will talk about farmers in modi government of India. Modi government gives a card of farmers.

Big announcement of Modi government, these farmers will get more benefit of Kisan Credit Card -

Big announcement of Modi government, these farmers will get more benefit of Kisan Credit Card
Now the Modi government will also give the benefit of Kisan Credit Card (KCC) to the beneficiary farmers of Prime Minister Kisan Samman Nidhi Scheme (PM-Kisan samman nidhi scheme). With this, they will get easy money for farming. Under this, the farmer will not have to give any guarantee for taking a loan up to Rs 1.60 lakh. Earlier this limit was only up to 1 lakh rupees. In a way, the government has linked the PM-Kisan scheme to the KCC. So that the farmer can get the benefit of KCC only on the record of PM Kisan Scheme.

Explain that the intention of banks is not to give money in the form of loans to farmers. -

In making a Kisan Credit Card, the banker annoys the Annadata greatly. Even after the government (Modi Government) and RBI (RBI) warn, the truth is that the bank officials are neither going to the villages to set up camp to make KCC nor are they behaving properly when the farmer comes to the bank. So far, only half of the farmers in the country have KCC facilities. The rest are either out of government credit or are being forced to take money from moneylenders on coarse interest.

The Modi government claims that agriculture loans are being given more than the target for three consecutive years. Therefore, in the budget of 2020-2021, the government has increased it to Rs 15 lakh crore. The government wants that farmers should not be forced to take loans from moneylenders on a hefty amount. They take loans from government institutions.

What is the burden of debt on the farmers? -

 A to a report of the Ministry of Agriculture,  farmer in the country has an average government debt of Rs 47,000. Whereas the average loan of 12130 rupees on every farmer is of money taken from moneylenders. A survey conducted by the NSSO in 2013 showed that about 40 per cent of the peasant families took from landlords, professional moneylenders and traders.

What is kisan credit card? -

Loans up to 3 lakh rupees are being given to farmers through Kisan Credit Card (KCC). Under this, the government gives loans of up to 3 lakh rupees to the farmers at an interest rate of 7 percent per year. Those who pay on time get a further rebate of 3 per cent on interest. In this case, the final interest rate is only 4 percent.

Keeping in mind the problems of the small and marginal farmers and their financial crisis, the government has made the rules for making Kisan Credit Cards easier. All banks have been asked to give exemption in processing, documentation, inspection, laser folios and other service charges.

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