PIB | 07 Jul, 2022
Minister for Finance and Corporate Affairs Nirmala Sitharaman
chaired a meeting with heads of Public Sector Banks and Regional Rural
Banks (RRBs) to review Operational & Governance reforms in RRBs and
performance of Kisan Credit Card (KCC) scheme for Animal Husbandry,
Dairying and Fisheries.
Sitharaman reviewed the performance of RRBs with heads of
sponsor banks and chairmen of RRBs. The Finance Minister underlined the
important role being played by RRBs in financial inclusion and serving
the credit needs of rural economy.
The Finance Minister urged the
Sponsor Banks to formulate a clear roadmap in a time bound manner to
further strengthen the RRBs and support the post pandemic economic
recovery. Sitharaman further advised IBA and sponsor banks to play a
lead role in technological advancements in the RRBs.
The Finance Minister suggested to conduct a workshop of RRBs so that they can share the best practices with each other.
Sitharaman instructed all the Public Sector Banks to onboard on account aggregator system by end of July.
the second session, Sitharaman reviewed the progress in issuance
of KCC to Animal Husbandry, Dairying and Fisheries Sector with Banks and
Union Minister for Fisheries, Animal Husbandry and Dairying Shri
Parshottam Rupala also attended the session. Union Minister of State
Finance Dr. Bhagwat Kisanrao Karad was also present during both the
an aim to provide the benefits of KCC loans to maximum number of
farmers, a special KCC saturation drive was launched under Atma Nirbhar
Bharat Abhiyan to cover 2.5 crore farmers under KCC with a credit boost
of Rs. 2 lakh crore.
It is noteworthy that as on July 1st, 2022, 3.26
crore farmers (including 19.56 lakh Animal Husbandry, Dairy and
Fisheries farmers) have been covered under the KCC scheme, with
sanctioned credit limit of Rs. 3.70 lakh crore.
the detailed review of performance, while highlighting the role of
animal husbandry and fisheries in the economy, the Finance Minister
directed banks for ensuring time bound disposal of pending KCC
FM also instructed banks to hold camps for saturating all
those engaged in cattle rearing and fishing with KCC.
Rupala lauded the efforts of banks in providing KCC to animal husbandry
and fisheries farmer and urged them to take into account the special
needs of small fishermen and those engaged in cattle rearing, while
sanctioning loans under the KCC scheme.
Sitharaman instructed the officials to hold periodic review of the
performance of the KCC scheme with all stakeholders so that the scheme
benefits can reach to the maximum number of eligible beneficiaries.