Banks should strengthen compliance in issuing Kisan credit cards to poor farmers: Rupala

Urging banks to enhance compliance when issuing Kisan credit cards, Union Minister Parshottam Rupala urged them to properly follow KCC guidelines, and recognize and set the authorization schedule demands.

The Minister of Animal Husbandry and Dairy has also suggested banks issue KCCs to poor fishermen who are unable to provide collateral.

KCC should also be given to people from the Maldhari (Ghumantu) community, who do not stay in one place and have no collateral to offer, Rupal suggested during the review meeting chaired by Finance Minister Nirmala Sitharaman on July 7.

These efforts should be aimed at accelerating the efforts of KCC’s saturated Ministry of Fisheries, Animal Husbandry and Dairy in the country, Rupala added.

The Center in the 2018-19 budget had announced the extension of the KCC facility to fish and livestock farmers to help them meet their working capital needs.

The KCC facility will help fish and livestock farmers meet their short-term credit needs for raising animals, poultry, fish, shrimp, other aquatic organisms and capture of fish.

“Parshottam Rupala in the meeting held yesterday suggested some compliance measures by the banks, namely, all banks should follow KCC guidelines properly, due acknowledgment of KCC request should be given to applicants and a decision on the timing of the application should be corrected,” an official statement said.

Reasons for rejection should be clearly stated so that field workers can rectify and resubmit the forms, the statement added.

The Department of Fisheries (DoF), the statement said, is trying to explore the possibility of extending the KCC to fishers, who are not currently covered, such as those who do not own/rent boats or fish. assets, etc.