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FM announces Rs 2 lakh crore concessional credit for farmers, fishermen via Kisan Credit Cards

Around 2.5 crore farmers are expected to benefit from this move, the finance minister said.

May 15, 2020 / 10:23 PM IST

Finance Minister Nirmala Sitharaman announced a Rs 2 lakh crore concessional credit boost for farmers under the Kisan Credit Card scheme.

This is aimed at providing farmers access to institutional credit at concessional rates. Around 2.5 crore farmers are expected to benefit from this move, the finance minister said.

She added that fishermen and animal husbandry farmers will also be included under this scheme.

A Rs 30,000 crore additional emergency working capital funding will also be provided to farmers via the National Bank for Agriculture and Rural Development (NABARD).