In the year 2018-19, Government of India has extended the facility of Kisan Credit Card to fishers and fish farmers to meet their working capital requirements. Under the scheme, farmers receive KCC loans up to Rs.2.00 Lakhs (fishers & fish farmers) at a subsidized interest rate of 7%. To facilitate this, an up-front interest subvention (IS) of 1.5% is provided to financial institutions by the Govt. of India and additionally, farmers who repay their loans promptly on time, receive a 3% Prompt Repayment Incentive (PRI)
