The Government will provide Kisan Credit Card (KCC) to 1.5 crore dairy farmers belonging to Milk Unions and Milk producing Companies within the next two months under a special drive. The Department of Animal Husbandry and Dairyingin association with Department of Financial Services has already circulated relevant circulars and KCC application format to all State Milk Federation and Milk Unions for implementing the same on a mission mode.
The campaign is a part of the PM’s Atma Nirbhar Bharat package for Farmers.
The first phase of the KCC campaign has set a target to cover all farmers who are members of dairy cooperative societies and associated with different Milk Unions and who do not have KCC.
Farmers who already have KCC based on their land ownership can get their KCC credit limit enhanced. Interest subvention shall be available only to the extent of Rs.3 lakhs.
Also, the general limit for KCC credit without collateral remains Rs.1.6 lakh.
In the case of farmers whose milk is directly procured by the Milk Unions falls under tie-up arrangements between the producers and processing units without any intermediaries. The credit limits without Collateral can be up to Rs.3 lakh.
KCC campaign will ensure more credit availability for dairy farmers associated with Milk Unions and assuring repayment of loans to banks.
