New Delhi: Union Minister for Finance and Corporate Affairs Nirmala Sitharaman chaired a meeting with heads of Public Sector Banks and Regional Rural Banks to review Operational & Governance reforms in RRBs and performance of Kisan Credit Card scheme for Animal Husbandry, Dairying and Fisheries.
Finance Minister Smt. 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 suggested to conduct a workshop of RRBs so that they can share the best practices with each other.
Nirmala Sitharaman instructed all the Public Sector Banks to onboard on account aggregator system by end of July.
With 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.
During 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 applications.
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.
Nirmala 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.