Kisan Credit Card is a Government of India scheme which aims to save farmers from high-interest rates usually charged by money lenders in the unorganised sector. The interest rate can be as low as 2.00% under this scheme. Moreover, the repayment period is based on the harvesting or marketing period of the crop for which the loan amount was taken. Other details are given below.
Due to COVID-19 Lockdown, RBI has allowed banks & other financial institutions to offer 3-month Moratorium Period on all Loan & Credit Card Payments. You can avail the same for your Kisan Credit Card Loan and defer the payments until 31-May-2020. Click here for details.
|On this page|