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Get a loan of Rs 1.60 lakh without guarantee under the Pradhan Mantri Kisan Yojana

Get a loan of Rs 1.60 lakh without guarantee under the Pradhan Mantri Kisan Yojana

लेखक - Lohit Baisla | 4/4/2020

Keeping in mind the corona virus in India, the entire country has been locked down. This is affecting the common people as well as the farmers. In such a situation, the government is making every effort for the convenience of the farmers. Recently, the central government has announced to give Kisan Credit Card to help the farmers. About 14 crore farmers who have taken advantage of the Pradhan Mantri Kisan Yojana will be given loans up to Rs 1.60 lakh without any guarantee for farming. If farmers want to take more loan than this, then for this they will have to fill a bond. Farmers can take this loan through Kisan Credit Card. All processing charges of the bank have been removed from the credit card. Kisan Credit Card will be issued within 15 days of submission of application. The application for obtaining Kisan Credit Card can be done through both online and offline mode.

Online Application Process:

  • First of all you have to go to the Kisan Credit Card section given on the official website of the bank.

  • Now you have to click on the button of "Apply Now" given there.

  • After this, all the information being asked there will have to be filled and submitted.

  • After your application is approved, the bank officials will contact you and inform you about the necessary documents and further process.

Offline Application Process:

  • To apply through offline mode, farmers have to fill the form by visiting the nearest bank branch.

  • It is necessary to submit all the important documents along with the form.

  • You will be given an update on the number given in the form till the loan is sanctioned.

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