Kisan Credit Card for Dairy Farmers, Avail Loans Up To Rs 3 Lakh at 2-4% Interest Rates

Union Minister Purshottam Rupala said the Kisan Credit Card will be given to dairy farmers as well. This will enable them to get loans of upto Rs 3 Lakh at reduced interest rates.  

On the occasion of National Milk day celebrations in Anand, Gujarat , Purshottam Singh Rupala, the Union Minister of Fisheries, Animal Husbandry & Dairying also launched online IVF labs for cattle rearing at Hessarghata in Karnataka and Dhamrod in Gujarat apart from distributing Gopal Ratna Awards. 

“PM Modi has initiated a new scheme for livestock farmers which will benefit them immensely. Earlier KCC were issued only to farmers but now they will be issued to dairy farmers as well. They can avail upto Rs 3 Lakh in Credit at very low interest,” Rupala said at the function. 

Kisan Credit Card allows beneficiaries to get loans from NABARD at rates ranging from 2 to 4 percent. Rupala appreciated the cooperative movement initiated by Dr  Verghese  Kurien and also congratulated NDDB and AMUL for maintaining the legacy and tradition of cooperatives, adding that this tradition has spread to many other states and made the country the largest producer of milk in the world. 

Stressing that technological interventions and innovations will usher in not only improvement in productivity but also encourage entrepreneurship, he commissioned IVF labs online at Hessarghata in Karnataka and Dharod in Gujarat, Besides launching the “Grand Start Up Challenge 2.0” and web portal for “Breed Multiplication Farm”. 

The minister on 15^th November launched a nationwide campaign during which the benefits of Kisan Credit Card will be expanded to all eligible animal husbandry, dairy and fishery farmers in the country. The campaign will last for 3 months from November 15, 2021 to February 15, 2022.