**Summary:**
This circular, RBI/2022-23/51 FIDD.CO.FSD.BC.No.605/05.010/2022-23, issued by the Reserve Bank of India (RBI) on May 18, 2022, modifies the eligibility criteria for farmers engaged in inland fisheries and aquaculture to access the Kisan Credit Card (KCC) scheme. Specifically, it revises Para 3.1.1.2 of circular FIDD.CO.FSD.BC.12/05.010/2018-19 dated February 04, 2019.
The updated eligibility criteria stipulate that beneficiaries must own or lease fisheries-related assets (ponds, tanks, open water bodies, hatcheries, boats, nets, etc.) and possess necessary authorization/certification, as applicable in their respective states, for fish farming, fishing-related, and other state-specific allied activities. All other terms and conditions of the KCC scheme remain unchanged.
The circular is addressed to all Scheduled Commercial Banks, including Small Finance Banks (excluding Regional Rural Banks). For further information, contact Nisha Nambiar, Chief General Manager, Financial Inclusion Development Department, Central Office, RBI, at Tel. No: 91-22-22661000, Fax No: 91-22-22621011/22610948/22610943, or via email at cgmincfidd@rbi.org.in. The central office is located at 10th Floor, C.O. Building, Post Box No.10014, Mumbai 400 001.
Key Entities Referenced
Reserve Bank of India: The central bank of India, referred to here as RBI, the issuing authority of the circular.
Kisan Credit Card Scheme: A government scheme providing credit to farmers, referred to here as KCC Scheme.
Scheduled Commercial Banks: Banks that are listed in the Second Schedule to the Reserve Bank of India Act, 1934.
Small Finance Banks: A type of bank in India that primarily undertakes basic banking activities of acceptance of deposits and lending to unserved and underserved sections including small business units, small and marginal farmers, micro and small industries and unorganised sector entities.
Regional Rural Banks: Regional Rural Banks (RRBs) are financial institutions in India which operate at a regional level. These banks have been created with a view to serve primarily the rural areas of India with banking and financial services.
Financial Inclusion Development Department: The department within the Reserve Bank of India responsible for the circular's issuance.
Mumbai, Maharashtra: City in Maharashtra, India where the Central Office of RBI is located.
Nisha Nambiar: Chief General Manager at Reserve Bank of India (RBI).
RBI/2022-23/51
FIDD.CO.FSD.BC.No.6/05.05.010/2022-23 May 18, 2022
The Chairman/Managing Director/Chief Executive Officer
All Scheduled Commercial Banks
(including Small Finance Banks and
excluding Regional Rural Banks)
Madam/ Dear Sir,
Kisan Credit Card Scheme - Eligibility criteria for farmers engaged in fisheries/
aquaculture
Please refer to Para 3.1.1.2 of our circular FIDD.CO.FSD.BC.12/05.05.010/2018-19
dated February 04, 2019 on Kisan Credit Card (KCC) Scheme: Working Capital for
Animal Husbandry and Fisheries. It has been brought to our notice that
licensing/authorisation related requirements pertaining to fishing/aquaculture in inland
water bodies vary across states. Accordingly, the eligibility criteria for inland fisheries
and aquaculture under Para 3.1.1.2 of the circular stand modified as follows:
The beneficiaries must own or lease any fisheries related assets such as ponds, tanks,
open water bodies, raceways, hatcheries, rearing units, boats, nets and such other
fishing gear as the case may be and possess necessary authorisation/certification as
may be applicable in respective states for fish farming and fishing related activities
and for any other state specific fisheries and allied activities.
2. All other terms and conditions of the scheme remain unchanged.
Yours faithfully,
(Nisha Nambiar)
Chief General Manager
िवत् तीय समावशे न और िवकास िवभाग,क��ीय कायार्लय, 10वीमंिजल, क��ीय कायार्लय भवन, पो.बा.सं.10014, मुंबई 400 001
टेलीफोन /Tel.No: 91-22-22661000 फैक्स/FaxNo: 91-22-22621011/22610948/22610943
ई-मेल/ Email ID:cgmincfidd@rbi.org.in
Financial Inclusion & Development Department, Central Office, 10thFloor, C.O. Building, Post Box No.10014, Mumbai 400 001
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