Connect with us

Hi, what are you looking for?

Banking

Boost to rural economy: Union Budget proposes enhanced credit through Kisan Credit Cards

Kisan Credit Cards (KCC) facilitate short-term loans for 7.7 crore farmers, fishermen, and dairy farmers. The Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman, has proposed to enhance the loan limit under the Modified Interest Subvention Scheme from Rs 3 lakh to Rs 5 lakh for loans taken through the KCC.

To further boost the rural economy, India Post with 1.5 lakh rural post offices, complemented by the India Post Payment Bank and a vast network of 2.4 lakh Dak Sevaks, will be repositioned to act as a catalyst for the rural economy.

India Post will also be transformed as a large public logistics organization. This will meet the rising needs of Viswakarmas, new entrepreneurs, women, self-help groups, MSMEs, and large business organizations.

The government will provide support to NCDC for its lending operations for the cooperative sector.

Don't miss our updates on your email

Subscribe to our Newsletter

PR Newswire

Copyright © Glocal Infomart Pvt Ltd. All rights reserved. Usage of content from website is subject to Terms and Conditions.