In contrast, the government may extend the repayment date. The government has been doing this for two years in the Corona crisis.
Corona crisis respite
Normally the agricultural loan taken on KCC has to be repaid by 31st March every year. Otherwise 7% interest is charged. The Modi government had earlier extended the Corona lockdown from March 31 to May 31 in view of the 2020 Corona Lockdown. It was later done by August 31. This year too, the government has extended the deposit date to June 30.
No need for KYC again
Print the form, fill it out and submit it to the nearest bank branch.
This form will also be used to create a new credit card.
This will increase the current card limit.
Banks will merge KYC’s PM with the farmer’s letter.
No need for KYC again
Documents required for Kisan Credit Card
Whether the applicant is a farmer or not, his revenue record i.e. details of land will be checked.