During the Corona crisis and lockdown, the Modi government at the center has given a big relief to the dairy farmers. The government has increased the limit of unsecured loans for these farmers from Rs 1.60 lakh to Rs 3 lakh. Kisan Credit Cards are being provided to farmers across the country under Prime Minister Kisan Samman Nidhi. Earlier, a loan of Rs 1 lakh was given without guarantee under this scheme, but now its limit has been increased to Rs 3 lakh.
Which farmers will get the benefit?
This decision of the government will benefit only those farmers whose milk is purchased by milk unions. The earlier arrangement will continue for the rest of the farmers.
has already issued circular regarding application format released from the Department of Animal Husbandry and Dairying, Department of Financial Services. Along with this, KCC application formats have also been released.
Implementation of Mission Mode: The
Department of Animal Husbandry and Dairying has asked all State Milk Federations and Milk Unions to implement this scheme under the Mission Mode. This will enable dairy farmers to get the benefit as soon as possible. The government wants to extend its benefits to more and more dairy farmers.
1.7 crore farmers are connected to this
, under the dairy cooperative Andonal, about 1.7 crore farmers are connected with 230 milk unions. With the Kisan Credit Card Scheme, these farmers will be able to get a loan of up to 3 lakh rupees at low interest without guarantee.
Earlier, a loan of one lakh was
available to farmers. Earlier, farmers used to get loans up to one lakh rupees without guarantee. Later its limit was increased to Rs 1.60 lakh. The 4% interest rate is applicable on a loan of 3 lakhs when the farmer pays all his installments on time.
Subsidy facility is available for
agriculture loans, the rate of interest is close to 9 percent. A loan of 2% is given for taking loans through Kisan Credit Card. If the loan is repaid on time, there is a further rebate of 3 percent. In this way, farmers get loan facility at a 4% interest rate.