1.22 Crore Kisan Credit Cards Sanctioned With Credit Limit Of Rs 102,065 Crore: Finance Ministry

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The availability has been given underneath the Atma Nirbhar Bharat package deal

The finance ministry on Thursday stated {that a} whole of 1.22 crore Kisan Credit score Playing cards (KCCs) have been sanctioned with a credit score restrict of Rs 1,02,065 crore.

“In an effort to buffer the agricultural sector from the shock of COVID-19, a particular saturation drive is underway to offer concessional credit score to farmers by way of Kisan Credit score Card. As on August 17, 1.22 crore KCCs have been sanctioned with credit score restrict of Rs 102,065 crore,” the ministry stated in an announcement. The ministry stated this can go a good distance in reviving the agricultural financial system and accelerating agricultural development.

Earlier, underneath the Aatma Nirbhar Bharat Package deal, the federal government had introduced provision of a concessional credit score of Rs 2 lakh crore which is prone to profit  2.5 crore farmers, together with fishermen and dairy farmers.

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