A post is going viral on social media claiming that Centre has increased the interest rate on Kisan Credit Card Loan from 7 per cent to 12 per cent.
The caption of the post read, ‘किसानों के लिए मोदी जी की और से नई सौगात केसीसी लोन पर ब्याज 12 परसेंट हुआ’
(Translation- Modi ji’s present to the farmers, interest rate on KCC loan increased to 12%)
The above post can be found here.
Check other similar posts here, and here.
FACT CHECK
NewsMobile fact-checked the claim and found it to be false.
Firstly, we searched for related news items, and couldn’t find any credible information about the government’s plan to increase the interest rate on Kisan Credit Card Loan.
We also searched on the RBI website, but we could not find any information about the change in interest rate. We found a copy of the RBI notification of August 2019, in which a compulsory interest rate of 7 percent was fixed on KCC loans of up to two lakh rupees for the years 2018-19 and 2019-20.
We also found a tweet by the government’s nodal agency Press Information Bureau rejecting the claim.
दावा: एक #खबर में दावा किया जा रहा है कि अब किसान क्रेडिट कार्ड लोन 7% की जगह 12% ब्याज दर पर मिलेगा। #PIBFactCheck: यह दावा फ़र्ज़ी है। केंद्र सरकार ने केसीसी लोन के ब्याज दर को बढ़ाने के संबंध में ऐसी कोई घोषणा नहीं की है। pic.twitter.com/VLxMRRxKnK
— PIB Fact Check (@PIBFactCheck) January 21, 2021
Hence from the above information, it is clear that the government has not increased the rate of Kisan Credit Card loan.
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