Cabinet approves interest subvention of 1.5% on short-term agri loan
This increase in interest subvention support requires additional budgetary provisions of Rs 34,856 crore for the period of 2022-23 to 2024-25 under the scheme
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LEAF, IFFCO Kisan Finance partner to bring financial services to marginalised farmers
LEAF and IFFCO Kisan Finance will be enabling and driving positive social impact through innovative and affordable financial services to the marginalised farmers
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Centre to computerise 63,000 Primary Agricultural Credit Societies (PACS) with an outlay of Rs2516 Cr
PACS account for 41 per cent of the KCC loans given by all entities and 95 per cent of these KCC loans are given to the small and marginal farmers
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BOB Financial, CreditAI launch Unnati farmer credit card in South India
Unnati farmer credit card is intended to reach farmers across the southern region of India including Karnataka, Andhra Pradesh, Telangana, Kerala and Tamil Nadu
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Ninjacart, Avanti Finance partner to launch innovative credit products focused on the agri value chain
Ninjacart and Avanti Finance will work to provide easy access to credit products as well as leverage unique technology capabilities and resources for the upliftment of the agri value chain community
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BOB Financial and CreditAI launch Unnati credit card for farmers
Initially, Unnati credit card will provide a base credit limit and over time, once the farmers’ credit profile improves with more transactions and repayments, the limit could be increased based on the farmers’ personal credit score
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Mastercard and LEAF drive digitisation campaign for agricultural value chain
The objective of the campaign is to enable farmers become part of a digital ecosystem through enhanced access to markets digitisation of income and access to credit with high levels of transparency
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How has been the agri growth and what does Economic Survey 2021-22 say on various areas of agriculture? See in numbers…
Agriculture grows at 3.9% and 3.6% in 2021-22 and 2020-21 respectively. The share of the agriculture and allied sector in total GVA of the economy has settled at around 18 per cent in the long term
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Agricultural advancements vs Union Budget 2021-22
The finance minister has proposed to increase the agricultural credit to Rs 16.5 lakh crore which can be used by smallholder farmers for CapEx, may it be their vehicles or cold storage and other facilities that they require, Santosh Shinde writes…
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1.87 Cr Kisan Credit Cards with credit limit of Rs 1.76 lakh Cr sanctioned in a year
A special drive to cover farmers under Kisan Credit Cards (KCC) is going on since February 2020
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