Government has extended the facility of Kisan Credit Card (KCC) to fisheries and animal husbandry farmers to help them meet their working capital needs. Minister of State for Fisheries, Animal Husbandry and Dairying, Pratap Chandra Sarangi said this in a written reply in Lok Sabha today.
He said, the KCC facility will help fisheries and animal husbandry farmers to meet their short term credit requirements of rearing of animals, poultry birds and other aquatic organisms and capture of fish.
Under Kisan Credit Card facility, for the existing KCC holders the credit limit is three lakh rupees to meet their working capital requirements. Under KCC, interest subvention is available for animal husbandry and fisheries farmers at the rate of two per cent per annum at the time of disbursal of loan and additional interest subvention of three per cent per annum in case of prompt repayment.