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Home News News and Press Release Month 8 2012 2012 (8) This

Farm Credit to Uncovered Farmers

23-8-2012
  • Contents

Press Information Bureau

Government of India

Ministry of Finance

22-August-2012 17:25 IST

The Government of India has been setting annual target for the flow of credit to the agriculture sector. The targets fixed during the last 2 years and for the current year, i.e., 2012-13, and achievement there against are as under:

(Accounts in lakh & Amount in Rs. crore)

Year

Target

(Amount)

Achievement

Accounts

Amount

2010-11

3,75,000

549.60

4,68,291.29

2011-12

4,75,000

646.57

5,11,029.09*

2012-13

5,75,000

180.16

1,35,956.49**

* Provisional

** Position as on 30 June 2012

The Kisan Credit Card (KCC) has emerged as an innovative credit delivery mechanism to meet the production credit requirements of the farmers in a timely and hassle-free manner. The KCC Scheme has been revised in May 2012 and banks have been advised to issue Kisan Credit Cards (KCC) to all eligible farmers.

This information was given by the Minister of State for Finance, Shri   Namo Narain Meena, in written reply to a question in Lok  Sabha today.

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