Kisan Credit Card: To enable universal access to Concessional Institutional credit, the Government of India has initiated a drive in Mission Mode for saturating all PM-KISAN (Pradhan Mantri Kisan Samman Nidhi) beneficiaries with Kisan Credit Card (KCC), a government release said. This will help all such farmers to get short term loans for crop & animal/fish rearing at a maximum interest of 4% on timely repayment, the release said.

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This drive has started from 10th February 2020 and will be carried out for a period of 15 days, the release said. Detailed instructions in this regard have been issued to all the State/UT Govts, MDs of all banks and Chairman NABARD, detailing the procedure to be followed for coverage of PM-KISAN beneficiaries under KCC, the release said.

State/UT Governments and banks have been advised to prepare a list of all PM-KISAN beneficiaries who do not have KCC and approach them through line departments of the State/UT Government including Departments of Agriculture, Animal husbandry, Panchayat & Rural Development and Panchayat Secretaries, the release said. Bank Sakhis under the NRLM scheme would also be used for motivating PM KISAN beneficiaries to visit the concerned bank branches for the purpose, the release further said.

All banks have been advised to have separate counters for handling such applications and ensure the issue of fresh KCC; or, enhancement of the existing KCC limit; or, activation of inoperative KCC account within the shortest possible time not exceeding 14 days from date of submission of application, the release said.

Progress of this drive will be monitored on a daily basis by the State/UT Govt. Activities under Saturation drive in a district would be led by the District Collector with the support of the Lead District Manager and DDM, NABARD, the release said.

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In addition to the KCC, with a view to providing social security to the PM KISAN beneficiaries, eligible farmers will also be enrolled for the Pradhan Mantri Suraksha BimaYojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Beema Yojana (PMJJBY), after obtaining their consent, the release said.  These schemes provide accident insurance and life insurance, at a premium of Rs.12/- and Rs.330/- respectively for an insured value of Rs 2 lakh in each case.