Question

What is the amount of loan provided under the Kisan Credit Card Scheme?

Q: Answer-&lt;p&gt;What is the amount of loan provided under the Kisan Credit Card Scheme?&lt;/p&gt;

The scheme comes with an ATM-enabled RuPay debit card with facilities for one-time documentation. The Kisan Credit Card KCC scheme was introduced in 1998 for providing adequate and timely credit support from the banking system under a single window. It aims to provide short-term crop loans up to 3 lakh to farmers at an interest rate of 7 per cent per annum. Farmers that repay their loans on time will receive an additional 3 interest subsidy. The effective interest rate for these farmers is 4.