Credit card over 2 Crore Kisan issued to farmers during pandemic

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Since its launch, the government has allocated up to Rs. 16 lakh crore loan to beneficiaries. In the Covid-19 pandemic alone, the government issued over 2 crore of KCC.








Latest KCC Update: Over 2 Crore Kisan Credit Cards Issued To Farmers During Pandemic





As Prime Minister Narendra Modi’s regime reaches its 8e anniversary, this is how farmers have benefited from the Kisan Credit Card (KCC) scheme which was launched in 2020. The aim of launching this scheme was to double the income of farmers and financially empower them to do so. Through KCC, farmers can take out loans at a lower interest rate to make their life easier.












Since its launch, the government has allocated up to Rs. 16 lakh crore loan to beneficiaries. In the Covid-19 pandemic alone, the government issued over 2 crore of KCC.

What is the Kisan Credit Card System?

The Kisan Credit Card, or KCC, is an Indian government initiative to ensure farmers in the country have affordable access to credit. The program was launched in August 1998 and was based on the suggestions of a special committee set up to examine lending and agricultural welfare issues. Farmers can obtain term loans from KCC Loan to pay the costs of growing, harvesting and maintaining the farm.












The Kisan Credit Card (KCC) program was created to provide Indian farmers with short-term credit. Farmers can use Kisan credit cards to obtain loans tailored to their agricultural needs and requirements at low interest rates. The government has also simplified the application process to win over farmers’ interests.

What are the advantages of the Kisan credit card for farmers?

  • Flexible repayment options and a simple disbursement system are available.

  • All agricultural and ancillary needs can be met with a one-time credit facility or term loan.

  • Assistance with seeds, fertilizers and other purchases, as well as obtaining cash rebates from traders or dealers.

  • The credit is offered for up to three years, with the possibility of repayment once the harvest season is over.

  • For the withdrawal of the required funds from the issuing bank, a minimum of documents and maximum flexibility are provided.

  • You can withdraw cash at any bank branch in India.

Who is eligible for this program?












  • Belong to a group and are co-borrowers.

  • Farmer, sharecropper or oral tenant.

  • Sharecroppers, farmers, sharecroppers and others form a self-help or joint responsibility group.











First published: May 30, 2022, 03:11 IST



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