KCC News
The Finance Minister in Budget Speech 2025-26 has announced to increase the loan limit under the Modified Interest Subvention Scheme from ₹3 lakh to ₹5 lakh which would further benefit the farmers.
Amendments have also been made regarding CDD Procedure and sharing KYC information with the Central KYC Records Registry (CKYCR). CKYCR is an entity which receives, stores, safeguards and retrieves KYC records in the digital form of a customer.
Incomes of farmers doubled in FY 2022 in some states
Farmers are more engaged in growing cash crops than noncash crops
MSP is increased by 2.3 times since 2014
Kisan Credit Card scheme has been launched with an objective to save farmers from moneylenders and provide timely loans for their farming activities. If sources are to be believed, the government is mulling to make big announcement for farmers in the Union Budget.
It is alleged that the loans were issued without proper loan documents, without conducting pre-sanction and post sanction inspections.
The social media giant re-routed networks which caused users’ connections to slow.
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