Kisan Credit Card Scheme Current Affairs, GK & News

Introduced in 1998, the Kisan Credit Card scheme seeks to provide farmers the timely access to short-term formal credit. It was created by the National Bank for Agriculture and Rural Development (NABARD) for the benefit of farmers in agriculture, fisheries and animal husbandry sector. The Central Government informed the Rajya Sabha recently that more than 187 lakh Kisan Credit Cards with credit limit of Rs.1,76,000 crore were sanctioned to farmers across the country in 2020.

Kisan Kalyan Mission of Uttar Pradesh

The Uttar Pradesh Government is to launch Kisan Kalyan mission. What are the key features of Kisan Kalyan mission? The Kisan Kalyan mission aims to double the farmer income covering all the Assembly constituencies of the state of Uttar Pradesh. This is to be achieved through campaigns that create awareness among farmers on how to ..

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HDFC Bank launches Shaurya KGC Card

The largest private sector bank in the country, HDFC Bank, launched ‘Shaurya KGC (Kisan Gold Credit) Card, a loan product for the armed forces. This is the first-of-its-kind scheme meant for the army personnel in the country and is based on the Kisan Credit Card guidelines of the government. Details of the Shaurya KGC Card ..

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Rs 90000 Cr Sanctioned under Kisan Credit Card Scheme to the Farmers

As per the information provided by the Finance Minister, banks have sanctioned total amount of Rs 89810 Cr to about 11 million Kisan Credit Cardholders to help the farmers meet finances for Kharif sowing and allied activities. This is part of the Rs 20.97 trillion stimulus package announced by the government and the government had ..

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GoI launches Kisan Credit Card scheme for Dairy Farmers

On June 2, 2020, the Government of India launched Kisan Credit Card campaign to help dairy farmers. The Kisan Credit cards are to be provided to around 1.5 crore dairy farmers. Highlights Under the Scheme, the Government of India is to provide Kisan Credit Cards to farmers that are associated with milk producing companies. The ..

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NABARD releases Rs 20,500 crores of funds for Kharif and pre-monsoon operations

On May 18, 2020, the National Bank of Agriculture and Rural Development (NABARD) released Rs 20,500 crores. The funds will act as front-loading resources to the cooperative banks and the Regional Rural Development Banks (RRBs). Highlights The funds have been released to help farmers in Kharif operations and also in their pre monsoon preparations. Of ..

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