In order to buffer the agricultural sector from the shock of COVID-19, a special saturation drive is underway to provide concessional credit to farmers through Kisan Credit Card (KCC). As on August 17, 2020, 1.22 crore KCCs have been sanctioned with credit limit of Rs. 1,02,065 crore. This will go a long way in reviving the rural economy and accelerating agricultural growth, Union Ministry of Finance has said in a press note.
It may be recalled that as part of the Aatma Nirbhar Bharat Package, the Government had announced provision of a concessional credit of Rs. 2 lakh crore which is likely to benefit 2.5 crore farmers, including fishermen and dairy farmers, the ministry has said.