Government Schemes in News: February 2021 Current Affairs | Additional Study Material for UPSC PDF Download

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10. GOVERNMENT SCHEMES IN NEWS 
10.1. KISAN CREDIT CARD SCHEME 
Why in news? 
The Central government is seeking to fix targets for allocation of Kisan credit cards to livestock and dairy farmers 
as banks are hesitant to do so. 
Background 
• The KCC Scheme was introduced in the year 1998 with the objectives of providing adequate and timely credit 
to the farmers for their agricultural operation. 
• In 2018, it was extended to fisheries, livestock and dairy farmers 
 
Objectives Eligibility Key Features 
• To provide 
adequate and 
timely credit 
for the 
comprehensive 
credit 
requirements 
of farmers 
under single 
window for 
their 
cultivation  
• All farmers-individuals/Joint borrowers who are 
owner cultivators. 
• Tenant farmers, Oral lessees and Share Croppers 
etc. 
• SHGs or Joint Liability Groups of farmers including 
tenant farmers, share croppers etc., 
• Criteria For inland fisheries: Fishers, Fish Farmers 
(individual & groups/ partners/ share croppers/ 
tenant farmers), Self Help Groups, Joint Liability 
Groups and women groups.  
o The beneficiaries must own or lease any of the 
fisheries related activities such as pond, tank, 
open water bodies, raceway, hatchery, rearing 
unit, possess necessary license for fish farming 
and fishing related activities, and any other 
State specific fisheries and allied activities. 
• Criteria for Marine fisheries: Beneficiaries listed 
above, who own or lease registered fishing 
vessel/boat, possess necessary fishing 
license/permission for fishing in estuary and sea, 
fish farming/mariculture activities in estuaries and 
open sea and any other State specific fisheries and 
allied activities. 
• Dairy - Farmers and Dairy farmers having owned 
/rented/leased sheds. 
• Poultry and small ruminant - Farmers, poultry 
farmers of sheep/goats/pigs/poultry/ birds /rabbit 
and having owned/rented/leased sheds. 
• The loan disbursed under KCC is broad 
based and may be used as working 
capital and for short term credit 
requirements for cultivation of crops, 
post-harvest expenses, produce 
marketing loan, consumption 
requirement of farmer household etc.  
• The loans disbursed under KCC 
Scheme for notified crops are covered 
under Crop Insurance Scheme. 
• It provides facility of ATM enabled 
RuPay Card, one-time 
documentation, and any number of 
withdrawals within the limit. 
• Scheme covers risk of KCC holders 
against death or permanent disability 
resulting from accidents caused by 
external, violent and visible means. 
• Rate of Interest will be linked to Base 
Rate and is left to the discretion of 
the banks. 
• Interest Subvention/Incentive for 
prompt repayment as advised by 
Government of India and / or State 
Governments. The bankers will make 
the farmer s aware of this facility.