PNB Offers Farmers Loans Worth INR 50,000
The Punjab National Bank (PNB) is offering loans of up to INR 50,000 to farmers in the country to increase their income. The bank has tweeted about this scheme and mentioned that no collateral is required to apply for the loan. Farmers simply need to submit a few documents to the bank to be eligible.
Requirements for the Loan
- Farmers must have a bank record of at least two years.
- Those who already have a Kisan Credit Card (KCC) will be eligible for the loan.
- Any farmer or group of farmers with prior credit will be eligible for the loan.
Benefits of the Loan
The loan is being offered to increase the income of farmers in the country. The scheme has been launched by the government and banks to provide various facilities to farmers. PNB is offering the loan without any guarantee or service charge. The farmers have been given a period of five years to repay the loan.
How to Apply?
To apply for the loan, farmers can visit the official website of PNB or contact their nearest bank branch. They simply need to submit a few documents to be eligible for the loan.
Conclusion
The loan scheme launched by PNB is a great initiative to support farmers and increase their income. With no collateral or service charge required, this loan is a great opportunity for farmers to improve their livelihood. The government and banks are launching various schemes to help farmers across the country, and this loan is one such scheme.
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