GoI launches Kisan Credit Card scheme for Dairy Farmers

On June 2, 2020, the Government of India launched Kisan Credit Card campaign to help dairy farmers. The Kisan Credit cards are to be provided to around 1.5 crore dairy farmers.

Highlights

Under the Scheme, the Government of India is to provide Kisan Credit Cards to farmers that are associated with milk producing companies. The Department of Animal Husbandry has stepped in and circulated the relevant circulars. There are around 1.7 crore farmers that are associated with Milk union in India. They were registered under Dairy Cooperative Movement.

About the Campaign

In the first phase of the campaign, the farmers that are members of the dairy cooperative societies and those that are associated with milk unions are to be covered. For those farmers that already own a Kisan Credit Card based on their land ownership, the credit limit is to be enhanced.

Significance

The Kisan Credit Card campaign that provides KCC cards to 1.5 crore dairy farmers is a part of Atma Nirbhar Bharat Abhiyan. The scheme will also provide additional liquidity of worth Rs 5 lakh crore to farmers that are suffering from COVID-19 economic crisis.

Month: Current Affairs - June, 2020