Africa Can Learn From India In Quest To Support Farmers
Speaking at a plenary session during the ongoing India Africa Conclave organized by the Confederation of Indian Industry, the National Bank for Agriculture and Rural Development consultancy, Chief Executive Officer, Mr Kishan Jindal, said that agriculture credit has been the biggest mover to boost food security in India.
“In agriculture and other sectors, it makes sense for Africa to partner with India because there is much we can learn from each other. In the access to credit, India has a diverse network of banks that include commercial and cooperate banks where currently 18 per cent of their loans go to agriculture,” he explained.
The Kisan Credit Card (KCC), scheme introduced in August 1998 has emerged as an innovative credit delivery mechanism to meet the production credit requirements of the farmers in a timely and hassle-free manner.
The scheme is under implementation in the entire country by the vast institutional credit framework involving Commercial Banks, Regional Rural Banks and Cooperatives and has received wide acceptability amongst bankers and farmers.