IFFCO Kisan Credit Card Scheme for Bihar Farmers

IFFCO Managing Director Dr. Uday Shankar Awasthi said IFFCO Kisan Credit scheme for the farmers of Bihar will begin from 15^th February 2017. Under the Kisan Credit Card scheme, the farmers are allowed to spend twenty-five hundred bucks to purchase IFFCO fertilizer, seed, and insurance etc.

No interest will not give them up for a month. In case, payment has not done till one month than farmer will have to pay 8.8 percent interest rate on the purchase cost.

On Wednesday at SK Memorial Hall, the announcement has been made on the occasion of Golden Jubilee of IFFCO. He said that if the credit card payment will be taken on the credit limit of the funds raised will be regular. He added that it is an practice if successful in future will get expanded.

On the 50^th anniversary of IFFCO, committees and membership will be started by IFFCO Bihar. Committee membership will be given to those only who have at least one hundred tons fertilizer business annually.

On the occasion of announcing IFFCO Kisan Credit Card scheme, Awasti offered Rs. 2500 to organizers and Rs. 1000 to all the artist.  He said IFFCO will start a revolution in the country by 26 million neem trees. This will increase the production of oxygen and carbon dioxide levels decrease. Awasthi said Rs 15 per kg of neem seeds are sold in our office.