Kisan Credit Card scheme News
FM Sitharaman is also expected to urge banks to increase credit flow to productive sectors to support the slowing economy.
KCC scheme is to give loans to marginalised farmers.
RBI started a pilot project to make the KCC process online.
The project is started in selected cities of the country now.
Interest Subvention of 1.5% will be provided to lending institutions (Public Sector Banks, Private Sector Bank, Small Finance Banks, Regional Rural Banks, Cooperative Banks and Computerized PACS directly ceded with commercial banks) for the financial year 2022-23 to 2024-25 for lending short term agri-loans upto Rs 3 lakh to the farmers
Loading...