Centre considering raising KCC limit
The Centre is actively considering raising the credit limit of Kisan Credit Card (KCC) to enable farmers to meet rising input cost.Updated: Oct 10, 2014 22:02 IST
The Centre is actively considering raising the credit limit of Kisan Credit Card (KCC) to enable farmers to meet rising input cost.
At present,KCC limit is Rs 27,000 per acre.It was stated by Union Ministry of Agriculture, Joint Secretary, Sanjeev chopra said here on Friday
Chopra said the input cost of agriculture production has increased manifold and there was a dire need for the enhancement of KCC limit.
However, he refused to disclose the amount to be increased in the KCC limit, saying that the Finance Ministry will take the final call.Chopra said the Agriculture Ministry would recommend the Finance Ministry to enhance the credit card limit.
The joint secretary stressed the need for the diversification of crops in order to increase the income of farmers.He appealed farmers of Punjab to adopt crop diversification by coming out of wheat-paddy rotation cycle to earn remunerative returns.
First Published: Oct 10, 2014 21:54 IST