The Hindu Business Line : Kisan Credit Card scheme to be enlarged

HYDERABAD: The Kisan Credit Card (KCC) Scheme, which has been introduced as a credit delivery mechanism for crop loans, is now being enlarged to include term loans for agriculture and allied activities, including a reasonable component to meet consumption needs, according to Mr J.R. Sarangal, Chief General Manager of the National Bank for Agriculture and Rural Development (Nabard), Andhra Pradesh Regional Office.

In a release here on Tuesday, Mr Sarangal stated that the KCC scheme would replace traditional crop loan system and was intended to function as a single window mechanism to meet the credit needs of the farmers.

The provision of consumption loan assumed importance as small and marginal farmers were forced to access credit from informal credit system at high interest rates to meet their needs resulting in their indebtedness. This also impaired their repaying capacity affecting recovery of loans extended by banks.

More Stories on : Farm credit | Andhra Pradesh

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Chidambaram to review farm loans

Maharashtra to bear interest on farm loans

Kisan Credit Card scheme to be enlarged

Captive cultivation of cotton catching on among mills

WTO framework for global trade — Farm sector can grow without subsidies

Rubber prices continue to dip

Limited stocks drive jaggery prices up

Buying props up tea prices at Coonoor

Producer gold de-hedging gathers pace in Q2

Pulses output hit as cultivation shifts to marginal areas — Output unlikely to exceed 13 mt this year

Mysore Silks to protect its IPR; seeks geographical indication

Spices Board plans large cardamom processing units

Netafim Irrigation launching short-term product range