ICSFDC News Alerts

India: Now Fishers can also Avail Benefits of Kisan Credit Card (KCC): Check, How? June 30,2020   |  Source: Krishijagran

In 2019, the Government of India extended the facility of Kisan Credit Card (KCC) to fishers, with an aim of helping them to meet up their short-term working capital requirements. KCC holders for fisheries have the credit limit of INR 2 lakh. Interest subvention is available @ 2% per annum on the timely disbursal of loan and additional interest subvention @ 3% per annum, in case of prompt repayment.

Eligibility of KCC (Fisheries) –

Fishers, Fish farmers (individual and groups/partners/share croppers/tenant farmers), self help groups, Joint Liability Groups and Woman groups are eligible for KCC.

Inland Fisheries and Aquaculture:

Beneficiaries must own or lease any of the fisheries related activities such as pond, tank, open water bodies, raceway, hatchery, rearing unit, possess necessary license for fish farming and fishing related activities, and any other State specific fisheries and allied activities.

Marine Fisheries:

Beneficiaries, who own or lease registered fishing vessel, boat, possess necessary fishing license/permission for fishing in estuary and sea, fish farming/mariculture activities in estuaries and open sea and any other State specific fisheries and allied activities

Execution of the scheme –

- District Level Technical Committee

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Years in Support of Small Scale Fishworkers (1986 - 2018)