1.22 Crore Kisan Credit Cards With Credit Limit of Rs. 1 Lakh Crore Sanctioned

SMEStreet Desk August 20, 2020Last Updated: August 20, 2020

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Narendra Singh Tomar, SMEStreet.in, Agriculture

In an effort to buffer the agricultural sector from the shock of COVID-19, a special saturation drive is underway to provide concessional credit to farmers through Kisan Credit Card (KCC). As on 17.08.2020, 1.22 crore KCCs have been sanctioned with credit limit of Rs. 1,02,065 crore. This will go a long way in reviving the rural economy and accelerating agricultural growth.

It may be recalled that as part of the Aatma Nirbhar Bharat Package, the Government had announced provision of a concessional credit of Rs. 2 lakh crore which is likely to benefit 2.5 crore farmers, including fishermen and dairy farmers.