kcc interest rate, kisan credit card byaj dar, 4 percent, interest subvention
Kisan Credit Card par interest rate kya hai? What is the interest rate on a Kisan Credit Card?
AAshok Verma7mo ago · 195 views
3 Answers
🌾Farmer.in Krishi TeamExpert ✓7mo ago
On a Kisan Credit Card, short-term crop loans carry a base rate of around 9% but the government brings the effective rate down to just 4% per year for farmers who repay on time. This happens through the Modified Interest Subvention Scheme: the government gives banks an interest subvention so the farmer pays 7%, and an extra 3% Prompt Repayment Incentive is given to farmers who repay by the due date, making the net rate 4%. From 2025-26 this concessional benefit applies on loans up to Rs 5 lakh (raised from Rs 3 lakh earlier). Important: if you repay even one day late you lose the rebate and pay the full rate, so always repay on time. Aadhaar must be seeded with your loan account to get the subvention.
PPrakash6mo ago
Main har saal time pe wapas karta hoon to mujhe 4% padta hai. Ek saal late ho gaya tha to poora 7 percent se zyada lag gaya. Time pe chukana hi faayda hai KCC me.
SSatvinder Kaur6mo ago
The 4% rate only applies up to the concessional ceiling. The portion of my loan above that limit was charged at the bank's normal rate, so do not assume the whole big loan is at 4%. Ask your bank exactly how much qualifies.