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24 Mar 2021

Bihar lags far behind the national average in terms of Kisan credit cards, 30% of accounts inactive

 



The Finance Minister Nirmala Sitharaman told in Parliament on Wednesday that Bihar lags far behind the rest of the country in Kisan Credit Card coverage, with over 30% of registered accounts becoming non-performing assets.

According to the Agricultural Census 2015-16, the total number of farmers covered under the Kisan Credit Card (KCC) in Bihar is around 17% of total operational land holdings, compared to 91% in Odisha, 59% in West Bengal, and 44% in Jharkhand, while the national average is around 56%,  Nirmala Sitharaman said in written.

The finance minister cited the state's average landholding size of 0.39 hectares, compared to the national average of 1.08 hectares, as a reason for the KCC's low coverage in Bihar. Marginal farmers control 91 percent of the state's operational land holdings. Agriculture activities on smaller land holdings may not be economically feasible with a bank loan.


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