Kisan Credit Cards (KCC) campaign launched for 1.5 crore dairy farmers.
- 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 (1st June-31st July 2020) under a special drive PM’s Atma Nirbhar Bharat Package for farmers.
- Although the general limit for KCC credit without collateral remains Rs. 1.6 lakh, but the case of farmers whose milk is directly procured by Milk Unions falls under tie-up arrangements between the producers and processing units without any intermediaries, and hence the credit limits without Collateral can be up to Rs.3 lakh.
- dairy is among the fastest-growing sectors of the economy with a CAGR of above 6% in the last 5 years