Fact check: Claim about hike in interest rate of Kisan Credit Card loans is fake

at 7:01 pm
Fact check

New Delhi (NVI): A media report has claimed that Kisan Credit Card loans will now be available at 12 per cent interest rate instead of seven per cent.

The Fact Check Unit of the Press Information Bureau (PIB) has investigated the viral news and found it to be fake and said that Central Government has not made any such announcement

Debunking the fake news, PIB took to Twitter and wrote in Hindi, “It is being claimed that now Kisan Credit Card loans will be available at 12% interest rate instead of 7%.

#PIBFactCheck: This claim is fake. The Central Government has not made any such announcement regarding increasing the interest rate of KCC loan.”

The Press Information Bureau launched this fact-checking unit in December 2019, to identify misinformation related to government’s policies and schemes that are circulating on various social media platforms.

-CHK