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    Income Tax

    Farm Credit to Uncovered Farmers

    August 23, 2012

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    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.

    *****

    DSM/RS/Hb

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