A total of over ten lakh crore rupees in loans has been given under the Kisan Credit Card, benefitting seven crore 72 lakh farmers. The Kisan Credit Card (KCC) is a banking product that provides farmers with timely and affordable credit for purchasing agricultural inputs such as seeds, fertilizers, and pesticides. The Union Finance Ministry said the government provides an interest subvention of 1.5 per cent to banks for providing short-term agricultural loans through KCC up to three lakh at a concessional interest rate of 7 per cent per annum. The Ministry also stated that an additional Prompt Repayment Incentive of 3 per cent is provided to farmers on timely repayment of loans, which effectively reduces the rate of interest to 4 per cent for farmers. It added that the amount under operative Kisan Credit Card accounts has more than doubled from 4.26 lakh crore rupees in 2014 to over ten lakh crore rupees in December 2024.