Syllabus: GS-2, Govt Schemes

Prelims: Kisan Credit Card Fisheries scheme

Context:

The Department of Fisheries successfully inaugurated the integration of the Kisan Credit Card Fisheries scheme onto the JanSamarth Portal.

Details:

In 2019, the Government of India extended the Kisan Credit Card facility to fisheries and animal husbandry farmers to help them meet their working capital requirements.
For the existing KCC holders, the benefits of interest subvention and prompt repayment incentive will be admissible up to the credit limit of Rs. 3 lakhs including fisheries activities.
In the case of new card holders, the credit limit is Rs. 2 lakhs to meet their working capital requirements for fisheries activities.
Extending the credit facilities to the fisheries sector will help pave a transformative way for the development of the socio-economic scenario of fish farmers and fishermen.
The integration of the KCC Fisheries scheme onto the JanSamarth Portal signifies a monumental leap towards providing a digital platform for fish farmers and stakeholders in the fisheries sector.
This initiative aims to streamline processes, digitize workflows, and provide efficient loan management services, ensuring enhanced accessibility and transparency for beneficiaries

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