Kisan Credit Card

Punjab Overhauls 26-Year-Old KCC Framework to Tackle Rural Debt, Boost High-Value Crops

Punjab Overhauls 26-Year-Old KCC Framework to Tackle Rural Debt, Boost High-Value Crops

Chandigarh (Gurpreet Singh): In one of the most far-reaching agricultural reforms undertaken in Punjab in recent decades, Chief Minister Bhagwant Singh Mann on Tuesday unveiled a sweeping overhaul of the Kisan Credit Card (KCC) system, transforming a 26-year-old framework that had long left farmers dependent on inadequate institutional credit and vulnerable to private moneylenders. The revamped policy significantly raises crop-wise credit limits in line with actual cultivation costs, lowers interest burdens, expands loan eligibility to high-value crops and allied sectors, introduces dedicated financial support for stubble management, and enables farmers to access funds through modern digital platforms such as ATMs…
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