Page 2 - Kisan Credit Card

Banks sanction about Rs 90,000 cr to 11 million Kisan Credit Card holders

As part of the Rs 20.97 trillion stimulus package, the government had announced Rs 2 trillion of concessional credit through KCC to 25 million farmers

Centre raises MSP of 17 kharif crops; further revises MSME definition

Medium units' turnover limit hiked to Rs 250 crore

Govt pumps Rs 30,000 crore into Nabard, offers Rs 2-trn loan to farmers

Brings 25 million farmers under concessional loan scheme; experts say these measures do nothing to address basic problem of low farm prices and falling demand

No provision for financial aid to family of farmers who commit suicide

Agriculture credit targets have also been enhanced from Rs 9 trillion in 2016-17 to Rs 13.5 trillion in 2019-20

Of 20 mn fishermen, Kisan credit cards given to 8,400 so far, says govt

However, not many cards could be distributed to fish farmers due to lack of awareness and delay in issuing RBI guidelines for implementation of this facility, sources said.

Banks want longer repayment tenure for Kisan Credit Card loans

There were also deliberations on allowing farmers to take fresh loans even if they fail to repay exsiting ones, as long as they service the interest

Fewer Kisan Credit Card borrowers as banks grapple with NPAs in farm sector

Several public banks are now focusing on agriculture infrastructure credit, like warehouses and cold storages, while the growth in KCC loans remains muted

Kisan credit card programme: Expanded access to credit or expansion of credit?

The welfare implications of this policy remain ambiguous and depend on whether 'access' to credit should be prioritised over 'expansion' of credit