Curated By: Business Desk
Last Updated: September 19, 2023, 17:50 IST
Union Finance Minister Nirmala Sitharaman and Agriculture Minister Narendra Singh Tomar will inaugurate the Kisan Rin Portal which will help farmers avail of subsidised loans under the Kisan Credit Card (KCC) on September 19. In the event, a door-to-door KCC campaign and a manual of the Weather Information Network Data System (WINDS) portal will also be launched. The event is scheduled to be held at the Pusa Complex, Delhi.
According to the Agricultural Ministry, the Kisan Rin digital platform will offer a comprehensive view of farmer data, loan disbursement specifics and interest subvention with banks for more focused and efficient agricultural credit.
The event marks the beginning of “Ghar Ghar KCC Abhiyaan” to extend the benefit of the KCC scheme to every farmer across India. This campaign aims to achieve universal financial inclusion, ensuring that every farmer has unhindered access to credit facilities that drive their agricultural pursuits. The campaign is important as it plays a crucial role in reaching out to non-KCC account holder PM KISAN beneficiaries and fostering the saturation of KCC Accounts among farmers who are eligible for PM Kisan under which Rs 6,000 per annum is given to each identified beneficiary.
In the statement, the ministry mentioned that there are about 7.35 crore KCC accounts as of March 30 with a total sanctioned limit of Rs 8.85 lakh crore. As per the official data, the government has disbursed agri-credit of Rs 6,573.50 crore at subsidised interest rate during April-August this fiscal.
For KCC Ghar Ghar Abhiyaan, National Bank for Agriculture And Rural Development (NABARD) has been identified as the Primary Executing Organization, vested with the responsibility of overall execution and monitoring of the programme. NABARD has taken the initiative to develop a portal to facilitate monitoring the conduct of saturation drive camps in the field as well as the processing and issuance of KCCs to all eligible PM Kisan beneficiaries by the respective banks.