GUWAHATI: The finance ministry has announced two packages for the small farmers under the Atma Nirbhar Bharat Package of Rs 20 lakh crores.
“NABARD will be extending additional re-finance support of Rs 30,000 crores for crop loan requirement of Rural Co-op banks and RRBs,” announced Nirmala Sitharaman.
This is over and above the Rs 90,000 crores to be provided by NABARD through the normal refinance route during this year. The package would be benefiting 3 crore farmers – mostly small and marginal farmers.
Secondly, Rs 2 lakh crore concessional credit will boost 2.5 crores, farmers, through Kisan Credit Cards of PM-KISAN beneficiaries. This will enable farmers to gain access to institutional credit at the concessional interest rate.