Business Economy


KCC outstanding credit crosses Rs 10.2 lakh crore nationwide

New Delhi, Mar 11 (UNI) Outstanding credit under the Kisan Credit Card (KCC) scheme has crossed Rs 10.2 lakh crore across the country, with more than 7.72 crore KCCs currently operational, according to data released by the Central Government.
A total of 457 banks have been onboarded on the KCC platform, including 37 commercial banks, 46 regional rural banks, and 374 cooperative banks. This broad banking network reflects a diversified delivery system designed to ensure wide geographic coverage and inclusive access to institutional credit for farmers nationwide, it said.
Across these institutions, a total of 1,998.7 lakh kisan credit card applications have been processed, of which 631.5 lakh were through commercial banks, 337.2 lakh through regional rural banks, and 1030.0 lakh through cooperative banks. It reflects the broad institutional participation in the KCC implementation and highlights the central role of cooperative banks in extending agricultural credit, particularly at the grassroots level, the central government data said.
This reflects the extensive reach of the KCC scheme in facilitating access to institutional credit for farmers and underscores its critical role in supporting agricultural and allied activities through affordable, timely financing.
Further, the government data highlighted that in animal husbandry, the exceptionally high acceptance rate, 55.08 lakh out of 55.9 lakh applications, reflects broad eligibility, effective screening mechanisms, and sustained policy support for the sector.
The sanctioning of 39.22 lakh applications further suggests substantial credit flow, translating into actual financial support.
Similarly, in fisheries, 6.83 lakh applications were received, of which 6.77 lakh were accepted. The sanctioning of 4.82 lakh applications indicates meaningful conversion of demand into credit access.
Overall, these outcomes underscore the growing integration of allied sectors into formal credit systems.
UNI VK VAN AAB
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