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The Kisan Credit Card ( KCC) scheme is a credit scheme introduced in August 1998 by Indian public sector banks to issue kisan credit card to the farmers of India. This model scheme was prepared by the National Bank for Agriculture and Rural Development (NABARD) on the recommendations of the R. V. Gupta Committee [1] to provide advances for ...
The National Crime Records Bureau data shows that while 296,438 farmers had died by suicide between 1995 and 2014, [4] in the nine years between 2014 and 2022, the number stood at 100,474. [5] In 2022, a total of 11,290 persons involved in the farming sector (5,207 farmers and 6,083 agricultural labourers) have committed suicide in India ...
The 2020–2021 Indian farmers' protest was a protest against three farm acts that were passed by the Parliament of India in September 2020. The acts, often called the Farm Bills, [25] had been described as "anti-farmer laws" by many farmer unions, [26] [27] and politicians from the opposition who said that it would leave farmers at the "mercy ...
The National Bank for Agriculture and Rural Development ( NABARD) is an All India Financial Institution (AIFI) [4] and an apex Supervisory Body for overall supervision of Regional Rural Banks, State Cooperative Banks and District Central Cooperative Banks in India. [5] It was established under the NABARD Act 1981 passed by the Parliament of ...
In 1998–99, NABARD introduced a credit scheme to allow banks to issue short-term and timely credit to farmers in need via the Kisan Credit Card scheme. The scheme has become popular among issuing bankers and the recipient farmers with a total credit of ₹ 339.94 billion (US$4.1 billion) made available via the issuing of 23,200,000 credit ...
Website. pmkisan .gov .in. Pradhan Mantri Kisan Samman Nidhi (PMKISAN, translation: Prime Minister's Farmer's Tribute Fund) is an initiative by the government of India that give farmers up to ₹6,000 (US$72) per year as minimum income support. The initiative was announced by Piyush Goyal during the 2019 Interim Union Budget of India on 1 ...
Unique credit cards are now offered by banks, the most popular being general purpose credit cards (GCCs), and Kisan credit cards. These unique cards offer credit to those in rural and semi-urban areas, farmers, and others with adjusted collateral and security requirements with the objective of providing hassle-free credit.
Pradhan Mantri Jan Dhan Yojana (transl. Prime Minister's Public Finance Scheme) is a financial inclusion program of the Government of India open to Indian citizens (minors of age 10 and older can also open an account with a guardian to manage it), that aims to expand affordable access to financial services such as bank accounts, remittances, credit, insurance and pensions.