The government extended the Kisan Credit Card facility to fisherfolk and livestock rearers who were previously excluded from the agricultural credit scheme.
Kisan Credit Cards provide short-term loans at subsidized rates for crop and allied activities. Expansion to fishing and animal husbandry communities addresses gaps where producers lacked formal access to seasonal working capital.
Officials under the Modi administration framed the move as inclusive rural finance policy reaching underserved occupational groups. Banks issue cards linked to revolving credit limits based on operational scale and land or asset holdings where applicable.
Beneficiaries can draw funds for feed, fuel, equipment, and marketing expenses. The extension aligns with broader efforts to deepen financial inclusion beyond traditional land-owning farmers.
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Sources:
https://www.indiatvnews.com/news/india/12-years-of-modi-govt-live-updates-narendra-modi-address-bharat-mandapam-longest-serving-elected-pm-nda-leaders-meeting-bjp-1044332