The government started a campaign to give Kisan Credit Card to animal husbandry, dairy, and fish farmers

The government started a campaign to give Kisan Credit Card to animal husbandry, dairy, and fish farmers

Kisan Credit Card for Fisheries and Animal Husbandry

Like agriculture, the Kisan Credit Card (KCC) has been linked to animal husbandry and fisheries so that loans can be easily available at low-interest rates to the people doing animal husbandry, dairy, and fisheries. In order to enable more and more fish farmers and livestock farmers to get the benefit of the Kisan Credit Card, the Central Government has officially started the “National Wide AHDF KCC Campaign”. Through this campaign, an effort will be made to include all those eligible dairy farmers associated with the milk unions, who have not yet been included in the first campaign.

More than 14 lakh Kisan credit cards got approval

Last year from 1st June 2020 to 31st December 2020, a special campaign was launched by the Animal Husbandry and Dairying Department in collaboration with the Department of Financial Services to provide AHDF KCC to the eligible dairy farmers of milk cooperatives and milk producer companies, as a result of which 14 lakh More than new AHDF KCCs have been approved. There are about 10 crore AHD farmers across the country, so there is ample scope for expansion beyond dairy cooperatives, so as to cover other eligible dairy farmers as well as others involved in animal husbandry activities.

How much loan is given on Kisan Credit Card?

Due to the involvement of more farmers in the activities of animal husbandry and fisheries, in the budget of the year 2019, it was decided to ensure the availability of Kisan Credit Card facility for animal husbandry and fisheries also and accordingly Kisan Credit Cardholders will be given 4 Animal husbandry and fisheries activities are also covered under the loan limit of 3 lakhs at % interest rate.

While the normal limit of KCC loans without collateral or collateral is Rs 1.6 lakh, but in the case of farmers whose milk is directly procured by milk unions under a tie-up between producers and processing units without any middlemen, the loan limit is Rs. 3 lakh without collateral. This will ensure the availability of credit to the dairy farmers associated with the milk unions as well as assure the banks that the loan will be repaid.

Farmers are given loans up to Rs 3 lakh at a 4 percent interest rate on Kisan Credit Card

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