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HomePersonal FinanceKisan Credit Card is giving loan on no interest! Know the truth...

Kisan Credit Card is giving loan on no interest! Know the truth behind the viral message

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Kisan Credit Card Interest: In the last few days, this message has become increasingly viral that loan up to Rs 3 lakh on Kisan Credit Card will be given by the government without any interest. But what is the reality of it, the information was given by tweeting from the government side.


Kisan Credit Card Interest: If you have also received such a message, in which it is being claimed that farmers are being given loan without interest through Kisan Credit Card (KCC), then this news is for you only. It is important that you be careful. Right information is being provided to the common people about this by PIB.

7% interest on loan up to 3 lakhs

Revealing this viral message, the government itself has tweeted through the official Twitter account PIB Fact Check (#PIBfactcheck). In the tweet, it was told by the government that no such decision has been taken on the Kisan Credit Card. Let us tell you that the loan up to 3 lakh given under Kisan Credit Card (KCC) attracts interest at the rate of 7%. There is also a provision of a discount of 3 percent in this.

The message became increasingly viral in the last few days

That picture has also been shared by PIB Fact Check, in which the interest rate on KCC has been claimed to be zero from April 1. This message has become increasingly viral in the last few days. In this, it is being claimed through a newspaper cutting that from April 1, 2022, there will be no interest on Kisan Credit Card up to Rs 3 lakh.

Increase in cyber crime cases

PIB tweeted on this whole matter and said that this claim is completely fake (Fake News). No such decision was taken by the government. It was told in the tweet that farmers have to pay 7 percent interest on Kisan Credit Card (KCC). Let us tell you that with the increasing digitization day by day, the cases of cyber crime have also increased. To save people from any fraud, PIB fact checks the viral message.

Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
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