The Finance Minister, announced that Kisan Credit Card will be modified to make it smart card to use it in ATMs . He said the interest subvention scheme for providing cheaper loan to farmers at 7 per cent interest will continue in the next year.
The Agriculture credit proposed to be increased to a whooping 5 lakh 75 thousand crore rupees, an increase of one lakh crore rupees. NABARD to get 10 thousand crore rupees for short term crop loans to small and marginal farmers.
To bring green revolution to Eastern India allocation for Rashriya Krishi Vikas Yojna to be increased to one thousand crore rupees from 400 crores.