'Centre considering raising KCC limit'

Image
Press Trust of India Kapurthala (Pb)
Last Updated : Oct 10 2014 | 7:21 PM 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 today.
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.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Oct 10 2014 | 7:21 PM IST

Next Story