The central government is giving farmers all throughout the nation a sizable present. Farmers will now find it simpler to obtain loans through Kisan Credit Card. because the Farmer Loan Portal was officially launched on September 19, 2023, by Agriculture Minister Narendra Singh Tomar and Finance Minister Nirmala Sitharaman. Farmers will be able to get assistance in obtaining subsidized loans through this platform. Holders of Kisan Credit Cards can use the Kisan Rin Portal to take advantage of subsidized loans. We will inform you about the Kisan Loan Portal and the Kisan Credit Card Scheme in this article today. You must read this article in its entirety and in full if you want further details.
Kisan Rin Portal 2023
A new website called the Kisan Loan Portal has been developed to offer quick, heavily subsidized loans to the nation’s farmers. On September 19, 2023, Agriculture Minister Narendra Singh Tomar and Finance Minister Nirmala Sitharaman launched this platform. Farmers will receive assistance in obtaining subsidized loans through the Kisan Credit Card through the Kisan Rin Portal. Banks will distribute loans to farmers’ houses via this site. The Kisan Credit Card will make this financing available. The loan amount granted under the Kisan Credit Card Scheme would be quickly released and sent to the farmers via the Kisan Loan Portal. Farmers can access loan-related information from their homes using this portal.
Objective of Kisan Rin Portal
The main objective of launching the Farmer Loan Portal by the Central Government is to help the farmers to easily get subsidized loans. Farmers can easily get complete information about loan allocation, interest rebate claims and scheme utilization through the Kisan Loan Portal sitting at home. Through this portal, banks will deliver loans to the homes of farmers.
Facilities available on the portal
According to the Agriculture Ministry, the Kisan Loan Digital Platform provides a comprehensive view of the progress of Kisan Loan delivery features, interest subvention claims and scheme utilization which promotes seamless integration with banks for more focused and efficient agricultural lending. Which will also register banks for agricultural loans.
The campaign will run from house to house
The government will now run a door-to-door campaign to further increase the benefits of Kisan Credit Card. For which a manual of Door to Door KCC campaign and Weather Information Network Data System Portal has also been presented in the program to be organized in Pusa campus. Under this campaign, farmers and other farmers who are beneficiaries of PM Kisan Yojana will be linked to Kisan Credit Card. Loans and farming related financial services are provided to the farmers through Kisan Credit Card Scheme to help the farmers in getting financial security and loans. Under PM Kisan Yojana, financial assistance of Rs 6,000 is given to farmers every year by the Central Government. Also, loan is provided under Kisan Credit Card Scheme by the Government of India at concessional rates.
What is Kisan Credit Card ?
Kisan Credit Card Yojana has been started by the Government of India to provide loans to farmers at low rates. Under this scheme, loans are provided to farmers at the rate of 3 to 4 percent. This loan is given to farmers for purchasing agricultural equipment, farming or other farming related work. Kisan Credit Card holders are given a fixed credit limit which can be used for various farming needs.
Kisan Credit Card Scheme is run by the Government of India to benefit the farmers to help them in financial security and availing loans. The scheme is operated by commercial banks, small finance banks and co-operative societies. KCC also includes investment in post-harvest expenditure, consumption needs, credit requirements for agriculture and allied activities.
Benefits of Kisan Rin Portal
- Through this portal, farmers will be helped in getting subsidized loan under Kisan Credit Card.
- Kisan Rin will help in releasing the loan amount given under the credit card scheme to the farmers and reaching the farmers through the portal.
- Farmers will be able to get loan related information through this portal sitting at home.
Documents required to apply for Kisan Credit Card
- Aadhar card
- PAN card
- Address proof
- farmer’s land ownership certificate
- farm map
- passport size photo
- I Certificate
- Bank account statement
- mobile number