Latest news with #KisanCreditCards
Time of India
21-05-2025
- Business
- Time of India
SLBC lauds progress in financial inclusion
Lucknow: A meeting of the state level bankers' committee (SLBC), chaired by chief secretary (CS) Manoj Kumar Singh, was held in Lucknow on Wednesday. The CS spoke about significant progress in financial inclusion in the state with the support of banks, noting that almost every family and individual in urban and rural areas has a bank account. He also mentioned notable improvements in financial literacy and access to financial services, encouraging banks to enhance the deposit-credit ratio and strengthen credit flow in the state. The CS highlighted the success of the BC Sakhi scheme , under which around 50,000 women were trained and conducted transactions worth Rs 35,000 crore. He also discussed the CM YUVA scheme, which provides loans on easy terms to youth to set up their own enterprises. Lal Singh, executive director of Bank of Baroda and chairman of SLBC-UP, requested banks to implement centrally and state-sponsored schemes, issue Kisan Credit Cards for cropS, livestock and fisheries, connect all eligible individuals with social security schemes and ensure prompt resolution of pending applications in various govt schemes. Earlier, he provided insights into various banking activities and progress under govt-sponsored schemes during the March quarter in the state. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2025 Top Trending local enterprise accounting software [Click Here] Esseps Learn More Undo During the meeting, detailed discussions were held on various banking parameters in the state, the progress of centrally and state-sponsored schemes, conducting Re-KYC for Jan Dhan accounts and taking concrete steps for economic empowerment.
Time of India
20-05-2025
- Politics
- Time of India
Congress MLA and former Haryana CM Bhupinder Singh Hooda demands rollback of 7% interest on farm loans
Chandigarh: Former Haryana chief minister and Congress MLA Bhupinder Singh Hooda on Tuesday expressed opposition to the central govt's decision to charge 7% interest on crop loans and asked it to roll back the decision. He said the previous Congress-led UPA govt took a historic decision to reduce the interest rate on crop loans from 11% to 4% across the country. "This decision was taken on the recommendations of the committee of chief ministers headed by me. Also, in Haryana, our govt completely abolished the interest on crop loans and made it zero, but now the BJP has increased it to 7%, which is a direct loot of farmers," he said. The Centre had recently imposed a 7% interest rate on short-term crop loans through the Modified Interest Subvention Scheme (MISS). This applies to loans taken through Kisan Credit Cards (KCCs) up to Rs 3 lakh. Responding to questions at his residence, Hooda said despite having the govt in both the state and the Centre, BJP could not get water for Haryana. "BJP's double engine govt has double-cheated the public. This time there was neither a shortage of water in Bhakra nor did Haryana demand additional water," he said. He added that despite repeated demands, BJP could not ensure proper participation of Haryana in meetings of the Bhakra Beas Management Board. "Now, since Haryana is sure to get water from May 21 (new water cycle), the govt is busy passing time by making baseless statements," he added. He said this was the Congress had demanded a special session of the assembly to discuss the issue. "It should be clear who is responsible for the harm to Haryana, and an all-party delegation should also be sent to meet the Prime Minister," he said.
Time of India
07-05-2025
- Business
- Time of India
2.5mn farmers to get Kisan Credit Cards
Lucknow: The state govt has set a target to connect 2.5 million new farmers with Kisan Credit Cards (KCC) in 2025-26.A state govt spokesperson said that instructions have been issued to divisional commissioners and district magistrates for this purpose. Special campaigns will be conducted at the district level to identify eligible farmers for issuance of state govt provided the KCC to over 7.1 million farmers in the 2024-25 fiscal. The measure is said to be part of the state govt's effort to increase farmers' income and make agriculture more profitable. The state govt has also accelerated the process of providing KCC to all beneficiary farmers of the Prime Minister's Kisan Samman Nidhi Scheme . Cards are being distributed with the help of cooperative and commercial banks. The Centre has instructed that all eligible farmers be connected to KCC so they can benefit from facilities like crop spokesperson said that Chief Minister Yogi Adityanath has been pressing for making farming a profitable venture. "The aim is to improve the living standards of rural residents and strengthen agriculture economically. The KCC scheme is part of this policy, providing timely financial assistance to farmers and helping them avoid falling into the trap of moneylenders," he spokesperson said that the distribution of crop loans has also increased through the scheme. Under this KCC scheme, farmers receive necessary funds for farming from banks at low interest rates, enabling them to purchase quality seeds, fertilisers and pesticides. This not only boosts their production but also doubles their income.
Hindustan Times
22-04-2025
- Business
- Hindustan Times
Maharashtra govt grants agriculture status to fisheries sector; 'move will boost production'
Mumbai, In a significant initiative, the Maharashtra cabinet on Tuesday accorded the agriculture status to the fisheries sector, enabling fishermen to avail of facilities and concessions on par with farmers. The decision will benefit fishermen and fish conservationists who can claim water, electricity, and other infrastructure facilities. State Fisheries Minister Nitesh Rane hailed the cabinet move as "historic and revolutionary". He said 4,83,000 fishermen will be benefited. "The fisheries sector in Maharashtra has the potential for substantial production and generate income, just like traditional agriculture. Due to the lack of agricultural status, fishermen, aqua-culturists, and fish farmers were deprived of several basic facilities and benefits," he told reporters. This decision will strengthen the rural economy as fisheries stakeholders are set to receive various infrastructural facilities and subsidies, Rane added. "There will be a significant increase in the state's fish production. Just as farmers benefit from subsidies for seeds, tractors, ploughs and fertilisers, fishermen will now receive subsidies for purchasing fish seed, feed, paddle-wheel aerators, and air pumps," the minister informed. He said the decision allows fish farmers and aqua-culturists to claim insurance, like the crop insurance for farmers, to cover losses in fish seed and production. In case of natural disasters like droughts or excessive rainfall, fishermen will receive government relief packages similar to those provided to farmers, he said. "Granting agriculture status to fisheries will drive economic development in coastal and inland regions, create employment opportunities, and generate income. Since fishermen are now recognised as agricultural farmers, they will receive subsidies on electricity charges," Rane stated. Rane further said that fish farmers, fishery development projects, related factories, and processing units will receive electricity at agricultural rates. "Fish farmers will be eligible for Kisan Credit Cards, agricultural-rate loans from banks, and insurance coverage at subsidised agricultural rates," the minister said, noting that the fisheries sector contributes significantly to foreign exchange earnings and the supply of protein-rich food for the country. "Like agriculture, the fisheries sector in Maharashtra can generate strong production and income. Fishermen will get facilities like electricity subsidies, Kisan Credit Cards, loans at agricultural rates, discounted insurance, and equipment subsidies, leading to increased fish production," he added.
