Kisan Credit Card Latest Updates: Government to Provide KCC to More Livestock, Dairy Farmers; Read Details

While farmers are protesting against the Government for repealing farm laws, the Center has been initiating different schemes for farmers. 

With banks hesitant to issue kisan credit cards (KCC) to livestock and dairy farmers, Animal Husbandry Secretary Atul Chaturvedi on Thursday said he has taken up the issue with his counterpart in the finance ministry to fix target for banks for issuing KCC to this category of farmers. 

As per reports, the government has raised the farm credit target to Rs 16.5 lakh crore, from Rs 15 lakh crore in 2020-21. Moreover, KCC has been extended to fisheries, livestock and dairy farmers along with farmers growing crops in 2018. 

While commenting on the Budget announcements, Chaturvedi told to the reporters, “Obviously, banks take time to get adjusted to new area of credit extension. They are not used to it. There are initial hesitations which we are trying to overcome with the help of banks,"  
The department is coordinating with banks to remove their apprehensions about issuance of KCC to livestock and dairy farmers, he said.

Since 2018, about 6 lakh KCCs have been issued to dairy farmers associated with milk cooperative across the country as part of a special drive taken under the Aatmanirbhar Bharat package, he added. 
 
The secretary said the KCCs were issued to these dairy farmers only after the concerned milk cooperatives gave an undertaking that they supply milk to them. 
 
"About 1 crore dairy farmers are associated with cooperatives across the country. Of which, over 52 lakh farmers had filled up forms and submitted to banks. 
 
"Already, 6 lakh dairy farmers have been given KCCs," he said adding that the department is coordinating with banks for the rest. 
 
Higher farm credit target has been set for the next fiscal in the Budget 2021, said the secretary. 

Moreover, he also added that the effort is to reach more livestock and dairy farmers, and he approached the finance ministry to allocate a fixed target to banks so that they are "forced" to issue KCCs to more number of livestock and dairy farmers. 
 
He also said the livestock and dairy sector contributed 33 per cent in the country's gross domestic produce and, accordingly, the credit should be made available to the sector. 
 

The secretary said there has been a substantial increase in budget for the Ministry of Fisheries, Animal Husbandry and Dairying for the 2021-22 fiscal. Much focus has been given on boosting infrastructure, breed development and disease control initiatives to not only increase the local production but also create job opportunities and export revenue, he added.  

What Documents are Required for Kisan Credit Card Loan? 

An individual will have to submit the following documents while filling the application: 

• Properly filled in application form

• Identity proof like Voter ID card or PAN card or Passport or Aadhaar card or Driving License, etc.

• Address proof like Voter ID card or Passport or Aadhaar card or Driving License, etc.

• Land holding documents

Types of Agricultural Loans:

There are many banks in India that offers loans to farmers in order to help them meet their financial needs. 

• Crop loans

• Farm operating loans

• Farm ownership loans

• Produce marketing loan

• Farm storage facilities & warehousing loan

• Agri-Business

• Dairy Plus Scheme

• Broiler Plus Scheme

• Horticulture finance

• Loan against warehouse receipts

• Minor irrigation scheme

• Land Purchase Scheme