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Mahesh

04/05/23 06:35 AM IST

Nationwide AHDF KCC campaign

In News
  • As part of Aazadi KaAmrit Mahostav, Union Cabinet Minister for Fisheries, Animal husbandry and Dairying, officially launched the Nationwide AHDF KCC Campaign for 2023-24.
About KCC Scheme
  • The scheme was introduced in 1998 for providing adequate and timely credit support from the banking system, under a single window with flexible and simplified procedure to the farmers for their cultivation and other needs like purchase of agriculture inputs such as seeds, fertilizers, pesticides etc. and draw cash for their production needs.
  • The scheme was further extended for the investment credit requirement of farmers viz. allied and non-farm activities in the year 2004.
  • The scheme comes with an ATM-enabled RuPay debit card with facilities for one-time documentation, built-in cost escalation in the limit, and any number of drawals within the limit.
  • Besides ensuring saturation, banks will also be taking steps to link Aadhaar immediately as no interest subvention will be given if the Aadhaar numbers are not seeded to KCC accounts.
  • Also, the government has taken several initiatives for KCC saturation which include adding farmers engaged in animal husbandry and fisheries, no processing fee of loan under KCC and raising the limit of collateral free agriculture loan from Rs. 1 lakh to Rs.1.6 lakh.
  • The KCC facility will help fisheries and animal husbandry farmers to meet their short-term credit requirements of rearing of animals, poultry birds, fish, shrimp, other aquatic organisms and capture of fish.
Source- PIB

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