"RBI Extends Maturity Date Scheme for Kisan Credit Card (KCC) Agricultural Loans to FY25"

Banking & Finance

The Reserve Bank of India (RBI) has announced an extension of the Maturity Date Extension Scheme (MISS) for agricultural loans provided through the Kisan Credit Card (KCC) for the fiscal year 2025. This decision aims to provide additional support to farmers by allowing them more time to repay their loans. Under this scheme, the maturity dates of loans can be extended, helping farmers manage their financial commitments better, especially in challenging agricultural conditions. This move is expected to ease the financial burden on the farming community and improve their access to credit.


      The extension aims to provide relief during unpredictable weather conditions affecting agricultural productivity.

      Farmers can now access longer-term repayment plans under the KCC scheme for better financial stability.

     

 

     


About RBI,

CEO : Shaktikanta Das
Headquarter : Mumbai
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