Press Information Bureau

Government of India

Ministry of Finance

22-August-2012 17:25 IST

The Government of India has been setting annual target for the flow of credit to the agriculture sector. The targets fixed during the last 2 years and for the current year, i.e., 2012-13, and achievement there against are as under:

(Accounts in lakh & Amount in Rs. crore)

Year	Target (Amount)	Achievement
		Accounts	Amount
2010-11	3,75,000	549.60	4,68,291.29
2011-12	4,75,000	646.57	5,11,029.09*
2012-13	5,75,000	180.16	1,35,956.49**

* Provisional

** Position as on 30 June 2012

The Kisan Credit Card (KCC) has emerged as an innovative credit delivery mechanism to meet the production credit requirements of the farmers in a timely and hassle-free manner. The KCC Scheme has been revised in May 2012 and banks have been advised to issue Kisan Credit Cards (KCC) to all eligible farmers.

This information was given by the Minister of State for Finance, Shri   Namo Narain Meena, in written reply to a question in Lok  Sabha today.

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DSM/RS/Hb

Kisan Credit Card issuance urged to expand agricultural credit access after revised targeting and reporting of sectoral credit flows. The Government sets annual agricultural credit flow targets and reports targets and achievements for 2010-11 through 2012-13, noting provisional and interim positions. The Kisan Credit Card (KCC) Scheme, revised in May 2012, is identified as an innovative credit delivery mechanism and banks have been advised to issue KCCs to all eligible farmers to meet production credit requirements.