Economic Survey 2023-24: Agricultural credit saw 1.5X jump in FY24

The Survey highlighted the crucial role of the Kisan Credit Card (KCC) scheme in providing timely and hassle-free credit to farmers. By the end of 2023, there were over 7.4 crore operative KCC accounts. In April and May 2024, bank credit to agriculture and allied sectors grew by 19.7 per cent and 21.6 per cent year-on-year, respectively.