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  1. Budget 2025: FM announces enhancing limit for interest subvention scheme for Kisan Credit Cards to ₹5 lakh

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Budget 2025: FM announces enhancing limit for interest subvention scheme for Kisan Credit Cards to ₹5 lakh

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1 min read | Updated on February 01, 2025, 12:35 IST

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SUMMARY

Finance Minister Nirmala Sitharaman announced increasing the Kisan Credit Card interest subvention limit from ₹3 lakh to ₹5 lakh. The government will also enhance MSME credit access, introduce customized credit cards for micro-enterprises, and provide term loans for export-oriented MSMEs.

The government will introduce customised credit cards with ₹5 lakh limit for micro-enterprises. | Image: Shutterstock

The government will introduce customised credit cards with ₹5 lakh limit for micro-enterprises. | Image: Shutterstock

Finance Minister Nirmala Sitharaman on Saturday announced enhancing the limit for interest subvention scheme for Kisan Credit Cards from ₹3 lakh to ₹5 lakh.

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Presenting the 14th consecutive Budget under the Narendra Modi government since 2014, Sitharaman also said the government will enhance credit guarantee cover for MSMEs to improve their credit access.

Besides, the government will introduce customised credit cards with ₹5 lakh limit for micro-enterprises.

She said the Kisan Credit Cards would facilitate short-term loans for 7.7 crore farmers, fishermen, and dairy farmers.

She added that term loan of up to ₹20 crore will be provided to well-run export-oriented MSMEs.

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Press Trust of India (PTI) is India's premier news agency.

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