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  • Govt targets to provide Kisan Credit Cards to one crore 50 lakh dairy farmers

    Published on June 2, 2020

    The government has set a target to provide Kisan Credit Card (KCC) to one crore 50 lakh dairy farmers belonging to Milk Unions and Milk producing Companies under a special drive within next two months. Ministry of Fisheries, Animal Husbandry and Dairying said, the card will be provided from June to 31st of July.

    Farmers who already have Kisan Credit Card based on their land ownership, can get their KCC credit limit enhanced. However, interest subvention will be available only to the extent of three lakhs rupees. Although the general limit for KCC credit without collateral will remain 1.6 lakh rupees. But in case of farmers whose milk is directly procured by Milk Unions and falls under tie up arrangements between the producers and processing units without any intermediaries, then credit limits without Collateral can be upto three lakh rupees.

    The Ministry said, this will ensure more credit availability for dairy farmers associated with Milk Unions as well as assuring repayment of loans to banks. This will help marginal farmers to become self-reliant or atmanirbhar. Our correspondent reports that the Department of Animal Husbandry and Dairying in association with Department of Financial Services has already circulated relevant circulars and KCC application format to all State Milk Federation and Milk Unions for implementing the same on a mission mode.