– Rules for the financial year 2026-27 decided for the eligible state cooperative banks of Jammu and Kashmir, actual allocation has not been done yet.
– 34,543 new Kisan Credit Cards were issued in the state in the last financial year.
Gaurav Rawat
Jammu. In Jammu and Kashmir, eligible state cooperative banks with net NPA up to 15 percent will also be able to take financial help from NABARD for providing agricultural loans to farmers. The limit of net NPA for such banks in general areas is 12 per cent, while in special areas like Jammu and Kashmir the limit is up to 15 per cent. NABARD has fixed the rules for refinance for agricultural loans for the financial year 2026-27. However, it has not been decided yet which bank in the state will get how much amount. Actual allotment will be done separately.
Under the new system, eligible state cooperative banks of the state whose net NPA is up to 10 percent can get a maximum of 60 percent of the limit prescribed for giving agricultural loans. For additional agricultural loan this limit is up to 80 percent. Banks whose net NPA is more than 10 percent but up to 15 percent can get a maximum of 55 percent of the prescribed limit for agricultural loan and up to 75 percent for additional agricultural loan. These are maximum limits. This does not mean that every eligible bank will get the full amount. The actual assistance will depend on the eligibility of the bank, the norms laid down and the allocation made by NABARD.
NABARD does not provide this money directly to the farmers, but makes it available to eligible banks. With the help of this amount, banks can give agricultural loans to farmers. That is, refinancing means that instead of giving loans directly to the farmers, NABARD provides financial help to the banks, so that they can provide agricultural loans to the farmers. However, it is not certain that every farmer will get a loan. The farmer will have to apply to his bank and the decision to give the loan will be based on the rules of the bank and the eligibility of the farmer.
Last year, 34,543 new cards were issued for agricultural loans.
According to the data of the State Level Bankers Committee, 34,543 new Kisan Credit Cards were issued for agricultural loans in Jammu and Kashmir in the financial year 2025-26. A total loan limit of Rs 442.77 crore was sanctioned on these.
As of March 31, 2026, 8.64 lakh Kisan Credit Card accounts of agricultural loans were active in the state. A total loan limit of Rs 8,172.87 crore was sanctioned on these accounts. At the same time, Jammu and Kashmir Gramin Bank issued 7,824 new Kisan Credit Cards for agricultural loans in the financial year 2025-26. A loan limit of Rs 61.50 crore was sanctioned on these.
Different rules for rural banks
NABARD Chief General Manager Dr. K. S. In the guidelines issued by Mahesh, rules for refinance for agricultural loans have also been fixed for regional rural banks. However, the eligibility conditions of these banks are different from the state co-operative banks. The limit of 15 per cent net NPA applicable for State Co-operative Banks is not applicable to Regional Rural Banks. The amount that rural banks will receive will also be decided separately.
Source: www.amarujala.com
