New Delhi: Finance Minister Nirmala Sitharaman Saturday announced enhancing the limit for interest subvention scheme for Kisan Credit Cards from Rs 3 lakh to Rs 5 lakh.
Presenting the 14th consecutive Budget under the Narendra Modi government since 2014, Sitharaman also said the government will enhance credit guarantee cover for MSMEs to improve their credit access.
Kisan Credit Card
-Facilitate short-term loans for 7.7 Crore farmers, fishermen & dairy farmers
-The loan limit under the Modified Interest Subvention Scheme will be enhanced from ₹3 Lakh to ₹5 Lakh for loans taken through KCC
-Union Finance Minister @nsitharaman… pic.twitter.com/nkOIcjb1DV
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Besides, the government will introduce customised credit cards with Rs 5 lakh limit for micro-enterprises.
She said the Kisan Credit Cards would facilitate short-term loans for 7.7 crore farmers, fishermen, and dairy farmers.
She added that term loan of up to Rs 20 crore will be provided to well-run export-oriented MSMEs.
PTI
