Chandigarh, June 2 -- In a major relief for the agricultural sector, the Punjab government has overhauled its 26-year-old Kisan Credit Card (KCC) policy to make it significantly more farmer-centric.
Announcing the revamp, Chief Minister Bhagwant Mann stated that the state government has substantially increased crop loan limits, introduced credit facilities for alternative crops, and banned private banks from seizing farmers' lands or publicly shaming defaulters.
Emphasising the emotional and social distress faced by farmers, Chief Minister Mann stated that clear instructions have been issued to private banking institutions to refrain from executing property attachments or land confiscations for loan recovery.
The government has directed ...