The Kisan Credit Card Campaign is here to secure better buying prowess for farmers across a number of niches including fishery, dairy, animal husbandry and many others. Since India is known for being an agro based economy that has the maximum contribution from the agricultural sector, especially when it comes to the export economy, it should come as no surprise that policy makers and governments in India have always been preoccupied with farmers and their welfare. While modernization of farm to market pipelines as well as the establishment of funds and better welfare opportunities are only some of the measures taken for the rather widespread farming community in India, there have been a number of ways in which the government has always tried to uplift the way farmers live and grow their produce.
Starting from irrigation to more modern farming methods, there has been constant research and development along with an import of equipment and ideas to make the lives of farmers better so that they can grow more and earn more. The Kisan Credit Card Campaign also comes at a time when the welfare of farmers is a huge debate and talking point in our country. What would the social impact of such a credit card system entail? Here are a few things to keep in mind:
- Rural Development is one of the key themes that has to be kept in mind when granting a credit card that would open up the buying power for farmers;
- Private partners would necessarily need to partner on such schemes so as to make the infrastructure and technology more readily available;
- A better credit card score would have to be garnered in an easier fashion so that this scheme of the Kisan Credit Card does not follow in the footsteps of the farmer’s loans;
- More awareness and education would inevitably follow such a step where the farmers would work with the local authorities for more responsible economic behavior.