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Farmers' suicide

Government enables farmers secure loan upto Rs 3 lakh at 4% interest through KCC scheme

In an intent to free farmers from the clutches of money lenders, the government introduced the Kisan Credit Card (KCC) scheme to enable farmers to secure loans up to Rs 3 lakh at a 4% interest rate on the condition of timely repayment. The government has set an estimate of Rs 20,000 crore which will be utilized to sanction loans to KCC cardholders. Mar 2, 2020
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