<h1>India Boosts Farmer Support: Lower Interest Rates, Increased Collateral-Free Loans, Enhanced Kisan Credit Card Scheme for 2019-20.</h1> The Government of India has set annual agriculture credit disbursement targets for banks, which have consistently been exceeded. For 2019-20, the government has implemented several initiatives to facilitate easy access to crop loans at reduced interest rates for farmers. These include an interest subvention scheme offering a 7% interest rate on loans up to Rs. 3 lakh, with additional incentives for prompt repayment. Banks are mandated to allocate a portion of their credit to agriculture, with specific targets for small and marginal farmers. The Kisan Credit Card Scheme has been enhanced to provide flexible credit limits and simplified processes. Additionally, collateral-free loan limits have been increased to Rs. 1.6 lakh, and Joint Liability Groups have been promoted to support various farmer categories.