Department of Fisheries has successfully inaugurated the integration of the Kisan Credit Card (KCC) Fisheries scheme onto the JanSamarth Portal.
About Kisan Credit Card (KCC) Fisheries scheme:
- In 2018-19, the Government of India extended the Kisan Credit Card (KCC) facility to fisheries and animal husbandry farmers, aiding them in meeting their working capital needs.
- It is a short-term credit option for farmers to meet their needs for fisheries.
- Farmers individual or joint Liability Groups or Self Help Groups including tenant farmers engaged in Dairy, Poultry, Inland Fisheries and Aquaculture, Marine Fisheries are eligible for availing loan under this scheme.
- Under the KCC scheme, farmers receive loans at a 7% lending rate, including a 2% interest subvention per annum by the Government of India.
- Additionally, an extra 3% per annum is provided as an additional incentive for prompt repayment, according to existing guidelines.
About JanSamarth portal:
- JanSamarth is a unique online platform that directly connects lenders with beneficiaries.
- It connects certain central government schemes, allowing citizens to apply for loans and subsidies online.
- It also helps citizens check their eligibility for schemes, and provides guidance on subsidy eligibility through smart analytics.
- The portal offers four loan categories: education, agri infrastructure, business activity, and livelihood.
Ref:Source
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