On Monday 27th July 2020, Finance Minister Nirmala Sitharaman said that “banks have sanctioned ₹ 89,810 crores to about 1.1 crores Kisan Credit Card (KCC) holders to help farmers meet finances for Kharif sowing and allied activities.”
As part of the ₹ 20.97 lakh crore stimulus package, the government had announced ₹ 2 lakh crore of concessional credit through KCC to 2.5 crore farmers, including fishermen and those involved in animal husbandry.
The Finance Minister said in a tweet that “As on 24.07.2020, 111.98 lakh Kisan Credit Cards have been sanctioned with the credit limit of ₹ 89,810 crore out of ₹ 2 lakh crore concessional credit under the ‘AatmanirbharBharat package‘. This will benefit 2.5 crore farmers, including fishermen & dairy farmers.”
She also said that “this marks an increase of ₹ 26,940 crores over ₹ 62,870 crores sanctioned to 70.32 lakh KCC holders as on June 30.”