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 ₹4.2
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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.
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