J&K Chief Minister, Omar Abdullah has asked the banks to issue Kissan Credit Cards (KCC) to all the farmers in the state by October first week. He was present at the State Level Banker's Committee (SLBC).
The directive is for the proper transfer of loan schemes for the farmers. "You should constitute sub-committees to monitor this aspect and the aspect of lending loans to the priority sectors in a hassle-free manner," he said.
In a bid to allow easy access to credit through Kisan Credit cards he also suggested formation of nodal centers for issuance of KCCs. Loans should be available for artisans, entrepreneurs, and others in micro-credit, education, employment generation, and agro allied sectors.
The chief minister also stated that growth in deposits should augment the flow of credit in the priority sector.
"When there will be gap between deposits accumulation and credit flow then an important question arises for bankers to explain. It is also difficult for the government and the people to understand this hiatus in the process of normal banking procedure and practice," he concluded.