Kisan fishing credit card to help fishermen meet their working capital needs

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The government said on Friday that installing the Kisan Credit Card (KCC) in the fishing industry will help fishermen and farmers meet their working capital needs.

The Fisheries Department under the Ministry of Fisheries, Livestock and Dairy Production held a webinar on Thursday on the “National Kisan Credit Card Campaign (KCC) for the fisheries sector,” according to a statement. official.

The event was chaired by Jatindra Nath Swain, Secretary of the Department of Fisheries (DoF), and brought together over 400 participants. In his inaugural address, Swain highlighted the context and diversity of the fishing industry.

He said the installation of KCC in the fishing industry is an attempt to help fishermen and farmers meet their working capital needs. It aims to provide adequate and timely credit support to all farmers. Swain said the campaign is currently running from November 15 to February 15, 2022. He called on States / UTs to regularly monitor the saturation progress of eligible fishermen and fish farmers under the KCC and take follow-up action with relevant banks to eliminate loopholes and ensure early sanctioning of KCCs.

Sagar Mehra, Co-Secretary (Inland Fisheries), said the department has made efforts to encourage and develop aquaculture and fisheries in the inland and marine sectors in India.

The extension of the KCC facility aims to expand access to institutional credit facilities to achieve a socio-economic transformation of the lives of fish farmers and fishermen, the statement said.

(This story was not edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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