Kisan Credit Card: Good news for farmers in Bihar, they will get a discount on interest rates for KCC loans..

There's good news for farmers in Bihar. Under the central government's Kisan Credit Card (KCC) scheme, they will now receive an additional interest subsidy. The Kisan Credit Card scheme was launched to prevent farmers from falling into the trap of moneylenders for their farming and household needs. Now, the Bihar government has provided a special subsidy on this.

The Bihar government, on Friday, signed a Memorandum of Understanding (MoU) with the National Bank for Agriculture and Rural Development (NABARD) to provide an additional one percent interest subsidy on loans given to farmers under the Kisan Credit Card (KCC) scheme for the financial year 2025-26. The MoU was signed between the state government's agriculture department and NABARD in the presence of the state's Agriculture Minister, Ram Kripal Yadav.

3 percent interest subsidy from the Centre

The central government already provides a 3 percent interest subsidy on Kisan Credit Cards. Now, according to a statement issued by the government, "Under the agreement, the state government will provide an additional one percent interest subsidy under the state scheme, in addition to the three percent interest subsidy being provided by the central government on agricultural loans under the KCC scheme."

Interest subsidy on loans up to Rs 3 lakh

The statement said that this benefit will apply to crop production loans up to Rs 3 lakh taken under the KCC scheme from commercial banks, regional rural banks, and cooperative banks. This incentive will only be available to farmers who repay the loan within the stipulated period. Officials said that this initiative will boost institutional credit flow, increase investment in the agricultural sector, and improve productivity and farmers' income. According to the statement, the state government has allocated Rs 5 crore for the one percent interest subsidy on agricultural loans for the financial year 2025-26.

How to get a Kisan Credit Card

Go to the official website of the bank from which you want to get a Kisan Credit Card. You will find the Kisan Credit Card option on the portal. Download the application form from there and fill it out carefully. Later, go directly to the bank, contact an officer, and submit the form along with the necessary documents. After obtaining a Kisan Credit Card, you can withdraw money from any bank's ATM or micro-ATM.

Documents required for Kisan Credit Card:

Application form
Passport-size photograph
Identity proof
Aadhaar card
Proof of residence
Land documents certified by the revenue administration
Crop details

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