May 14, 2020 8:21 PM

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Concessional credit boost of Rs 2 lakh cr announced for 2.5 cr farmers through Kisan Credit Cards

<span style="color: #222222;">Finance Minister Nirmala Sitharaman announces two lakh crore concessional credit boost through the Kisan Credit Card Special drive benefiting over 2.5 crore farmers in the country.</span><br />'' <span style="color: #222222;"><br />'' Fishermen and animal husbandry farmers will also be included in this special drive which will enable the farmers to gain access to the institutional credit at concessional interest rates.</span><br />'' <span style="color: #222222;"><br />'' Referring to the swift government response to address the COVID situation, Finance Minister informed about the agricultural loans worth four lakh crore rupees availed by marginal farmers as agricultural loans. </span><br />'' <br />'' <span style="color: #222222;">She announced an extended relief till 31st May in the form of interest moratorium to the farmers on these loans. Announcement pertaining extension on Interest Subvention and Prompt Repayment Incentive on crop loans till 31st May was also done.</span><br />''  

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