Quick Summary
Operative Kisan Credit Card (KCC) amount crosses ₹10 Lakh Crore benefiting 7.72 Crore Farmers Loan limit under Modified Interest Subvention Scheme increased from ₹3 lakh to ₹5 lakh in Union Budget 2025-26 The amount under operative Kisan Credit Card (KCC) accounts has more than doubled from ₹4.26 lakh crore in March 2014 to ₹10.05 lakh crore in December 2024. This indicates significant increase in quantum of affordable working capital loans provided to the farmers for agriculture and allied
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN - Rs.1999
1799
(Excl. of GST ₹323)
2 Years PLAN - Rs.3499
3149
(Excl. of GST ₹566)
BEST VALUE
3 Years PLAN - Rs.4999
4499
(Excl. of GST ₹809)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 07941056694
FAQ :
The loan limit under the Modified Interest Subvention Scheme has been increased from £3 lakh to £5 lakh for farmers.
As of December 31, 2024, a total of 7.72 crore farmers have benefited from operative KCC accounts.
The total amount disbursed under operative KCC accounts has reached £10.05 lakh crore as of December 31, 2024.
The KCC scheme provides credit for agricultural inputs like seeds and fertilisers, crop production, and allied activities such as Animal Husbandry, Dairy, and Fisheries.
The government provides interest subvention of 1.5% to banks, allowing short-term agri loans up to £3 lakh at a concessional interest rate of 7% per annum. An additional 3% incentive for timely repayment effectively reduces the rate to 4% for farmers.
Loans up to £2 lakh are extended on a collateral-free basis for small and marginal farmers.
CAclubindia
