Kisan Credit Card News - Latest Updates & Headlines
SBI, Citi unveil $295 million social loan to empower local smallholder farmers in India
Mumbai, April 3: State Bank of India (SBI) and Citi on Thursday announced a social loan facility of $295 million to support smallholder farmers in India.
India's rural lending landscape sees key transformation, structured loan schemes rise
New Delhi, April 2: Driven by rapid digitisation, rise of fintech and increased government support, the rural lending landscape in India is undergoing a significant transformation, creating new opportunities for structured and efficient lending models and ensuring that credit reaches those who need it most, according to a new report.
Kisan Credit Card amount crosses Rs 10 lakh crore, benefits 7.72 crore farmers
New Delhi, Feb 26: Showcasing credit deepening in agriculture and reduced dependency on non-institutional credit, the amount under operative Kisan Credit Card (KCC) accounts has more than doubled from Rs 4.26 lakh crore in March 2014 to Rs 10.05 lakh crore in December 2024, according to the latest government data.
Operative Kisan Credit Card (KCC) amount crosses Rs10 lakh cr benefiting 7.72 cr farmers
New Delhi, February 25: The amount under operative Kisan Credit Card (KCC) accounts has more than doubled from Rs4.26 lakh crore in March 2014 to Rs10.05 lakh crore in December 2024.
Agri processing industry experts hail Union Budget's push towards Aatma Nirbharta
New Delhi, February 2: The Union Budget 2025 has received a positive response from the agri-processing industry, with experts praising its focus on agriculture and manufacturing.
This Budget is for poor, youth, farmers: Haryana CM Saini hails Union Budget
New Delhi, February 1: Haryana Chief Minister Nayab Singh Saini praised the Union Budget 2025, presented by Finance Minister Nirmala Sitharaman on Saturday, describing it as a "budget for the poor, youth, and farmers" and would "empower women."
Uttarakhand will get direct and indirect benefits from many schemes: CM Dhami lauds Union Budget
Dehradun, February 1: Uttarakhand Chief Minister Pushkar Singh Dhami congratulated Finance Minister Nirmala Sitharaman for presentating balanced budget , saying that Uttarakhand will get direct and indirect benefits from many schemes.
Budget 2025: Pulses Atmanirbharta mission announced, KCC loan limit raised to Rs 5 lakh
New Delhi, February 1: Aimed at diversifying crops and attaining self-reliance or Atmanirbharta, the government is set to launch a six-year pulses mission, with a particular focus on tur, urad, and masoor.
Kisan Credit Card interest subvention scheme limit to be raised to Rs 5 lakh: Sitharaman
New Delhi, February 1: To further strengthen agricultural financing, the government has announced enhancing the loan limit under the modified interest subvention (MIS) scheme from Rs 3 lakh to Rs 5 lakh for loans taken through Kisan Credit Card (KCC), Union Finance Minister Nirmala Sitharaman said in her Union Budget 2025-26 speech in Parliament on Saturday.
Number of Kisan Credit Cards rises to 7.5 crore, loans jump to Rs 9.81 lakh crore
New Delhi, Jan 31: The Economic Survey highlights that providing adequate credit support to farmers, especially small and marginal farmers and vulnerable sections of society, is crucial to improving agricultural productivity and incomes in the agriculture sector.
Rural credit ecosystem in India getting formalised: NABARD Chairman Shaji KV
New Delhi, January 5: India's rural credit ecosystem is increasingly getting formalised and borrowers across the country are preferring formal sources due to a variety of reasons, including interest subventions and subsidised credit, National Bank for Agriculture and Rural Development (NABARD) Chairman Shaji KV told reporters on Sunday.