(a) whether the Government has received any representation from Public
Representatives to enhance the existing Kisan Credit Card (KCC) limit up
to Rs. 7 lakh; and
(b) if so, the details thereof and the action taken by the Government
thereon?
(a) whether the Government has received any representation from Public
Representatives to enhance the existing Kisan Credit Card (KCC) limit up
to Rs. 7 lakh; and
(b) if so, the details thereof and the action taken by the Government
thereon?
The Minister of State in the Ministry of Finance
(Shri Namo Narain Meena)
(a) & (b):- Yes, Sir. A reference dated 28th January, 2013 was received from
Shri Haribhau Jawale, Hon’ble Member of Parliament seeking increase in the
limit of Short-Term Crop Loan from Rs. 3 lakhs to Rs. 7 lakhs under Interest
Subvention Scheme.
The quantum of lending above Rs. 3 lakhs for Short Term Crop Loans by banks
is negligible. Moreover, the majority of farmers in the country are in the
small and marginal category who get adequately covered under the Interest
Subvention Scheme, therefore, the limit of Rs. 3 lakhs for Short Term Crop
Loans under the Interest Subvention Scheme is adequate.