Current Affairs Economy & Banking

IBA Issued Advisory To Waive Off Various Charges For Kisan Credit Card

Category : Economy & Banking

 Indian Banking Association has issued advisory requesting banks to waive off the processing, documentation, inspection and all other service charges for Kisan Credit Cardand crop loans up to 3 lakh rupees. Agriculture Ministry in a release stated that there are over 21 crore small and marginal farmers in the country and providing them timely and affordable credit is the key to attaining inclusive growth. The Kisan Credit Card Scheme aims at providing adequate and timely credit support from the banking system to the farmers to meet the short term credit requirements for cultivation of crops, investment credit requirements for agriculture and allied activities and other needs.
Source: News on AIR



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