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TMI BlogMilestone of 1.5 crore KCC sanctions with credit limit of 1.35 lakh crore achieved under Special KCC Saturation Drive for farmersX X X X Extracts X X X X X X X X Extracts X X X X ..... Milestone of 1.5 crore KCC sanctions with credit limit of 1.35 lakh crore achieved under Special KCC Saturation Drive for farmers X X X X Extracts X X X X X X X X Extracts X X X X ..... rive. As a result of concerted and sustained efforts by the banks and other stakeholders in the direction of providing access to concessional credit by the farmers, including Fishermen and Dairy farmers, a major milestone target of covering more than 1.5 crore farmers under KCC, with sanctioned credit limit of ₹ 1.35 lakh crore has been achieved. The KCC Scheme was introduced in the year 19 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 98 with the objectives of providing adequate and timely credit to the farmers for their agricultural operation. The Government of India provides interest subvention of 2% and Prompt Repayment Incentive of 3% to the farmers, thus making the credit available at a very subsidized rate of 4% per annum. Government has taken a major farmer friendly steps by extending the benefits of KCC with interest su ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bvention in 2019 to Animal Husbandry including Dairy and Fisheries farmers for their working capital requirement and raising the existing limit of collateral free agriculture loan from ₹ 1 lakh to ₹ 1.60 lakh. While ensuring convenient and cost-effective credit delivery to farmers, the ongoing campaign will also be instrumental in driving the rural economy and further accelerating agr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... icultural production and allied activities, besides enhancing the income level of farmers. This will also go a long way in fulfilling the objective of food security for our country. X X X X Extracts X X X X X X X X Extracts X X X X
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