Srinagar, Dec 24: Chairman Ellaquai Dehati Bank (EDB) A K Razdan said the Bank has so far issued 17000 Kissan credit cards in J&K which are being used by the farmers.
He said during the current fiscal the Bank has extended Rs 45 crore credit to agriculture sector, out of total of Rs 198 crore.
Razdan was speaking at a Kissan Mela organized by the Bank at Pahloo-Kulgam.
Razdan said the bank’s Kissan credit cards are a huge hit with the farmers in J&K and are becoming increasingly popular day by day.
Razdan said as “EDB has a strong base in the rural areas of the state as it has been reaching out to the underprivileged and
financially excluded population with the credit/financial service.”
He said the program carries national-level importance and EDB will be the frontrunner to reach out to needy and downtrodden.
Razdan said the KCC is a hassle free credit facility to the farmer which meets their production, cultivation and contingency needs.
“The credit limit remains valid for
three years subject to annual renewals,” he said, adding that the facility carries insurance cover for the notified crops and personnel insurance cover to the farmer against a nominal premium to be shared mutually by bank and farmer.
The officials from the line departments of Agriculture and Rural development also participated in the Mela. The participants were given awareness inputs by other speakers also.
Meanwhile, the Bank granted the KCC limit to 250 farmers with on-spot disbursement of loans to 45 farmers and 35 artisans, it said in a statement.

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