Overview

• Over 465 lakh Kisan Credit Card applications have been approved, unlocking ₹5.7 lakh crore in credit for seeds, fertilisers, pesticides and allied activities.
• Farmers securing short-term crop loans under the KCC scheme benefit from a base interest rate of 4% that can be effectively reduced through a 3% prompt repayment incentive.
• The subsidised credit cap has been raised from ₹3 lakh to ₹5 lakh per card, extending financial support to roughly 7.7 crore farmers, including fishermen and dairy producers.
• The national Agriculture Budget has climbed over five-fold from ₹21,500 crore in 2013 to ₹1.22 lakh crore in 2024, reflecting intensified investment in farmer welfare.
• Government lending to agriculture has surged from ₹7.3 lakh crore in 2013-14 to ₹27.5 lakh crore in 2024-25, nearly quadrupling institutional credit to the sector.