NewKerala.com

Over 7.72 Crore Active Kisan Credit Cards Drive Rs 10.2 Lakh Cr Agri Lending

Over 7.72 crore Kisan Credit Cards are currently active across India, supporting outstanding loans of approximately Rs 10.2 lakh crore. The scheme has onboarded 457 banks, processing millions of applications through commercial, regional rural, and cooperative banks. Recent government reforms have increased credit limits for crops and allied activities while integrating digital platforms like the Kisan Rin Portal for better transparency. These measures, including a simplified application form, aim to streamline farmer onboarding and strengthen the efficiency of agricultural credit delivery.

Key Points: 7.72 Crore Kisan Credit Cards Active, Rs 10.2 Lakh Cr Outstanding

  • 7.72 crore active KCCs nationwide
  • Rs 10.2 lakh crore outstanding loans
  • 457 banks onboarded to KCC platform
  • Recent reforms boosted credit limits & digital access
2 min read

Over 7.72 crore Kisan Credit Cards active in India with Rs. 10.2 lakh crore outstanding

India's Kisan Credit Card scheme sees over 7.72 crore active cards with Rs 10.2 lakh crore in loans, boosted by digital reforms and expanded coverage.

"The data reflects the broad institutional participation in the KCC implementation - Official Factsheet"

New Delhi, March 11

Over 7.72 crore Kisan Credit Cards are active nationwide with outstanding loans of around Rs. 10.2 lakh crore, an official factsheet said on Wednesday.

The KCC platform has onboarded 457 banks after processing over 1,998.7 lakh credit applications, with 631.5 lakh processed through commercial banks, 337.2 lakh through regional rural banks and 1,030 lakh through cooperative banks, according to the statement.

The data reflects the broad institutional participation in the KCC implementation and highlights the central role of cooperative banks in extending agricultural credit, particularly at the grassroots level.

Recent reforms, including enhanced credit limits, expanded coverage to allied sectors, and digital integration through the Kisan Rin Portal, have significantly improved outreach, transparency, and governance.

By enabling data-driven monitoring, expediting loan processing, and ensuring transparent claim settlement, these measures have strengthened the operational efficiency of agricultural credit delivery, it added.

The government had raised the crop loan limit under the Modified Interest Subvention Scheme from Rs 3 lakh to Rs 5 lakh and increased fisheries and allied activity credit limits from Rs 2 lakh to Rs 5 lakh.

Under the Kisan Credit Card (KCC), term loans and composite credit limits are structured differently for marginal and non-marginal farmers, considering their landholding size, investment capacity, and livelihood requirements.

A flexible limit of Rs 10,000 to Rs 50,000 may be sanctioned based on factors such as landholding size and cropping patterns. The composite KCC limit is to be fixed for a period of five years.

To streamline farmer onboarding and improve access to institutional credit, facilitative measures have been implemented under the Kisan Credit Card.

A simplified one-page KCC application form has been introduced, with basic applicant details pre-filled from banks' PM-KISAN records, and farmers are required to submit copies of land records and information on the crops cultivated, the government noted.

- IANS

Share this article:

Reader Comments

P
Priya S
The numbers look impressive on paper, but the real test is on the ground. In our village, many small farmers still struggle with the paperwork. The one-page form is a welcome change, but bank officials sometimes ask for extra documents not mentioned. The intent is good, execution needs more work.
S
Suresh O
Including fisheries and allied activities is a very smart move. Many farmers near the coast do both farming and fishing. A single credit line for all needs makes life simpler. Jai Kisan! 🚜
A
Ananya R
The highlight for me is the role of cooperative banks. In rural Maharashtra, the nationalized bank branch is 20km away, but the cooperative society is in the next village. They understand local cropping patterns better. This data proves their importance.
M
Michael C
Interesting to see the scale of institutional participation with 457 banks. The Rs. 10.2 lakh crore outstanding is a significant figure. Hope the transparency measures through the Kisan Rin Portal ensure this credit truly boosts productivity and doesn't add to debt burdens.
K
Kavya N
The flexible limit based on landholding is practical. A farmer with just an acre shouldn't get the same as one with ten. But I hope they also consider soil quality and water access, not just size. Overall, a vital scheme for our annadatas.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Minimum 50 characters 0/50