Page 77 - BFSI CHRONICLE 10 th Issue (2nd Annual Issue ) 23062 COPY.indd

BFSI Chronicle, 2 Annual Issue, 10 Edition July 2022
nd
th
To help them meet their working capital requirements. In pursuance of the said budget
announcement the matter has been examined, and in consultation with all stakeholders by RBI,
and instructed to the Commercial Banks / SFBs / RRBs to extend the KCC facility for Working
Capital requirement for activities related to ‘Animal Husbandry’ and ‘Fisheries’.

Fish Production in India has witnessed a Tremendous
Growth by showcasing a Production increase from
0.75 Million MT during 1950-51 to the Current
Production of 14.1 Million MT.
Till 2000, Marine Fish Production dominated India’s
total fish production.

However due to practice of Science-based Fisheries,
Inland Fisheries in India has seen a Turnaround and
Presently Contributes ~70 % of Total Fish Produc-
tion.

Purpose:

The KCC facility will meet the Short-term Credit
requirements of rearing of
 Animals,

 Birds,
 Fish,

 Shrimp,

 Capture of Fish,
 Other Aquatic Organisms.

Eligibility: Groups.
The criteria for eligible beneficiaries under
KCC for Animal Husbandry and Fisheries will The beneficiaries must own or lease any of the
fisheries related activities such as pond, tank,
be as under:
open water bodies, raceway, hatchery, rearing
Fishery: unit, possess necessary license for fish farming,
Inland Fisheries and Aquaculture: Fishers, activities which are related to fishing, allied
Fish Farmers (Individual & Groups/ Partners/ activities and any other State specific fisheries.
Share Croppers/ Tenant Farmers), Self Help
Marine Fisheries: The above mentioned
Groups, Joint Liability Groups and Women

The Institute Of Cost Accountants Of India

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