Over 1cr Kisan credit cards with 1L cr limit sanctioned

In an effort to buffer the agricultural sector from the shock of the Covid-19 pandemic, the government has initiated a special saturation drive to provide concessional credit to farmers through Kisan Credit Card (KCC).

As on August 17, 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, a government statement said.

It may be recalled that as part of the Aatmanirbhar 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.