Krishi VaartaKrishi Jaagran
Government Announces Credit Boost of Rs 2 lakh crore for 2.5 crore Farmers through Kisan Credit Cards
Finance Minister Nirmala Sitharaman on 14th May 2020 announced a concessional credit boost worth Rs 2 lakh crore for 2.5 crore farmers via Kisan Credit Cards (KCC) issued by the Centre. She said that “A special drive will be undertaken to offer _x000D_ _x000D_ Concessional credit to PM-Kisan beneficiaries via Kisan Credit Cards. Fishermen & Animal husbandry farmers would also be included in this drive”._x000D_ _x000D_ About 2.5 crore farmers across the country will be covered and will benefit from the credit flow of about Rs 2 lakh crore. The minister indicated that around 25 lakh new Kisan Credit Cards are in the pipeline for small & marginal farmers. It must be noted that Kisan Credit Card is a government scheme that aims to save farmers from high-interest rates generally charged by money lenders in the unorganised sector._x000D_ _x000D_ The incentive on crop loans provided till March has also been extended till 31st May to support farmers, Finance Minister said while sharing details of the 2nd phase of the economic stimulus package worth Rs 20 lakh crore announced by PM Modi on Tuesday._x000D_ _x000D_ Sitharaman told that three crore farmers with farm loans of Rs 4.22 lakh crore availed the benefit of three-month loan moratorium. The announcements made by Finance minister today focussed on small farmers, migrant workers, street vendors and small traders._x000D_ Source: Krishi jagaran, 15 may 2020_x000D_ If you find this information useful to you, like it and share it with your farmer friends._x000D_ _x000D_
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