Diabytes
Kisan Credit Card News
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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.
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According to the bank, the higher NPA additions during the third quarter typically come from its Kisan Credit Card portfolio, a credit scheme for farmers. The bank's provision coverage ratio for non-performing loans stood at 78.2 per cent as of December 2024.
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RBI said that the farmers repaying promptly as above would get short term crop loans and/or short term loans for allied activities including animal husbandry, dairy, fisheries, bee keeping etc. @ 4% per annum during the financial year 2024-25.
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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.
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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.
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KCC will be like a revolving cash credit account.
3% interest subvention for prompt borrowers up to Rs 3 lakh.
Accidental insurance of Rs 1 lakh for Rupay Cardholders.
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Government aims to provide concessional credit to farmers through Kisan Credit Card.
Finance Minister on 15 May 2020 has announced to cover 2.5 crore new farmers under the KCC scheme.
This will provide an additional liquidity of Rs.5 lakh crore in the hands of farmers, who are suffering from the recent downturn of economy.
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Government aims to provide concessional credit to farmers through Kisan Credit Card.
Finance Minister on 15 May 2020 has announced to cover 2.5 crore new farmers under the KCC scheme.
This will provide an additional liquidity of Rs.5 lakh crore in the hands of farmers, who are suffering from the recent downturn of economy.
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The Kisan Credit Card Scheme aims at providing adequate and timely credit support from the banking system under a single window.
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Prime Minister Narendra Modi on Saturday addressed the nation, in which he spelled out the roadmap ahead after the deadline of depositing demonetised notes expired on Friday. This was his second address to the nation since his announcement in a similar address on November 8 to scrap old Rs 1,000 and Rs 500 notes.
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In the wake of the demonetisation move taken by the government and to promote cashless transaction, Finance Minister Arun Jaitley on Thursday announced a list of sops for digitals users such as Rs 10 lakh insurance for railway tickets books online.
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