Around 70.32 Lakh Kisaan Credit cards sanctioned with a limit of more than 50k

Under the Aatma Nirbhar Bharat Package launched by the government during this pandemic, more than 70.32 lakh Kisaan Credit Cards have been sanctioned with the limit of INR 62,870.

The Ministry said- “This will benefit 2.5 crore farmers, including fishermen and dairy farmers. Nearly ₹2 trillion concessional credit will be extended to boost the farming activity. The special drive will benefit 2.5 crore farmers who don’t have these Kisan Credit Cards. The rough estimate is that if there are 9 crore PM Kisan beneficiaries, of that 2.5 crore farmers don’t have Kisan Credit Card. Now we are reaching out to them and giving them the card,”

Amount of INR 24,586,87 crore has been disbursed to the cooperative banks, micro finance institutions and etc by the NABARD.

The finance minister has also announced the emergency fund of INR 30,000 crore through NABARD. Indeed, it is a great initiative by the government to help many people during this COVID-19 pandemic emergency outbreak.