The National Bank for Agriculture and Rural Development (NABARD) and the Reserve Bank of India (RBI) in 1998-99 started Kisan Credit Cards scheme. The scheme was started in order to provide adequate and timely support from the banking system to the farmers for their short-term credit needs during cultivation of crops. The credit limit is based on agriculture income.
A bank official told to popularize Kisan Credit Cards NABARD is planning to open rural credit bureaus in the districts.
NABARD managing director K.G. Karmakar while addressing a seminar on 'Financial Inclusion for the Common Indian', organized by the Bengal Chamber of Commerce and Industry (BCCI) said, “Once implemented, this will go a long way in improving the financial position of India's 480 million marginal farmers.”
Karmakar added in the current fiscal NABARD has set a target of disbursing of Rs.3,75,000 crore credit which is up from Rs.3,25,00 last year.
He also said that there is greater need of involvement of non-governmental organizations to make possible for providing benefits of financial inclusion to the masses.
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