New Delhi, Feb. 1 -- Finance Minister Nirmala Sitharaman has increased the Kisan Credit Card (KCC) limit to a huge amount in the Union Budget 2025, trying to help farmers by increasing the lending limit to Rs.5 lakh from the present Rs.3 lakh.The idea behind this action is to further simplify the flow of credit to the agricultural industry to provide access to the necessary financial resources for farming communities.
To make the task of accessing credit easier for the farmers, in 1998, the Government of India established the Kisan loans Card scheme, known as KCC.The Kisan loans Card scheme was aimed at making easy and affordable access to cash for acquiring all agricultural inputs that include seeds, fertilizers, pesticides, among other...
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