Interest in Kisan Credit Card: This message has gone viral in recent days, claiming that the government will provide a loan of up to Rs 3 lakh on the Kisan Credit Card with no interest. But, in actuality, the information was provided by the government via Twitter.
Interest in Kisan Credit Card: If you have received a mail claiming that farmers are receiving interest-free loans through Kisan Credit Card (KCC), this information is solely for you. It is critical that you exercise caution. PIB is providing accurate information to the general public regarding this.
7% APR on loans up to 3 lakhs
The government itself revealed this viral message via the official Twitter account PIB Fact Check (#PIBfactcheck). The government stated in the tweet that no such decision had been made about the Kisan Credit Card. Let us tell you that the loan up to 3 lakh provided by Kisan Credit Card (KCC) carries a 7% interest rate. There is also a provision for a 3% reduction in this.
In recent days, the message has become increasingly popular.
That photo has also been posted by PIB Fact Check, which claims that the interest rate on KCC will be nil from April 1. This statement has been increasingly popular in recent days. According to a newspaper clipping, beginning April 1, 2022, there would be no interest on Kisan Credit Card up to Rs 3 lakh.
Cases of cybercrime are on the rise.
PIB tweeted about the situation, claiming that the accusation is absolutely false (Fake News). The government made no such decision. According to the tweet, farmers must pay 7% interest on their Kisan Credit Card (KCC). Let us tell you that as digitization has expanded, so has the number of occurrences of cybercrime. To protect people from fraud, PIB verifies the viral message.