Govt adds over 40 lakh KCCs in just 24 days
The Government has launched special drive to provide all PM-KISAN scheme beneficiaries with Kisan Credit Cards (KCC) on the fast track. In just 24 days of this month, more than 40 lakh KCCs have been issued to farmers providing credit limit of close to Rs 27,000 crore.
As part of 'Atmanirbhar Bharat' relief package, Finance Minister Nirmala Sitharaman in May had announced additional credit support for farmers through the Kisan Credit Card facility. While around 7 crore KCCs have been issued already, the Finance Minister had said that another 2.5 crore cards will be issued to cover all PM-KISAN beneficiaries.
In a tweet, the office of the Finance Minister said: "As on 24.07.2020, 111.98 lakh Kisan Credit Cards have been sanctioned with credit limit of Rs 89,810 crore out of Rs 2 lakh crore concessional credit under the #AtmanirbharBharat package. This will benefit 2.5 crore farmers, including fishermen & dairy farmers."
The process has gained momentum in recent days as government wants to complete issuing 2.5 crore KCC by next month.
Till June 30, a total of 70.32 lakh KCCs were issued with a credit limit of Rs 62,870 crore. This increased to 111.98 lakh KCCs by July 24 with a total credit limit of Rs 89,810 crore.