New Delhi, Feb. 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.
According to the Ministry of Finance, this indicates significant increase in quantum of affordable working capital loans provided to the farmers for agriculture and allied activities. This is reflection of credit deepening in agriculture and reduced dependency on non-institutional credit.
Kisan Credit Card (KCC) is a banking product that provides farmers with timely and affordable credit for purchasing agricultural inputs such as seeds, fertilizers, and pesticides, as well as for meeting cash requirements related to crop production and allied activities.
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