Excelsior Correspondent
JAMMU, Aug 26: Punjab National Bank (PNB) held one Kissan Credit Card (KCC) loan function at Branch Office Ramgarh under the guidance of M.L.Mir DGM Circle Head J&K Circle and distributed KCCs worth Rs.55.04 Lacs.
On the occasion, M L Mir apprised the farmers about the benefits of the new Kissan credit scheme which has the inbuilt annual enhancement facility by 10% for a period of five years. However, the same is extended to the farmers having good track record like satisfactory utilization of the permitted limit, timely repayment of the dues, and payment of interest as applicable.
During the function, Kalyani cards for the rural women beneficiaries were also distributed to the tune of Rs.50000/- each, a step towards women empowerment.
Under Krishak Sathi Scheme, many farmers were freed from the clutches of moneylenders by financing them to take over their liabilities by the bank to the tune of Rs.10,0000/- each. All the farmers of the area have been sensitized about this scheme of swapping the dues to be paid to money lenders so that they are not subjected to the exploitation any more.
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