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TITLE Kisan Credit Card

Important Points and Reason To address the credit needs of resource-poor

farmers. Government of India introduced Kisan Credit Card

(KCC) Scheme in August 1998. With the objective of providing timely and

adequate credit to the farmers in a flexible manner.

Three agencies entrusted to implement the KCC Scheme were commercial banks, cooperative banks and regional rural banks (RRBs).

Contn……… As you all know Indian farmers are small and

marginal farmers. In case of small and marginal farmers Marketed

surplus is greater then marketable surplus. So at the time of crop production farmers will not

have sufficient amount of money required for the production.

To know how this KCC has helped farmers in providing adequate credit.

RBI set up Shri R. V. Gupta committee in December 1997

KCCS launched in August, 1998 Scheme formulated by NABARD The scheme provides credit for ancillary activities

related to crop production. Farmers to be provided with a Kisan Credit Card and a

pass book or card-cum-pass book

Limit to be fixed on the basis of operational holding, cropping pattern and scale of finance

Repaid within a maximum period of 12 months Card valid for 3-5 years. Credit limits could be enhanced to take care of

increase in costs, change in cropping pattern, etc Security, margin, rate of interest, etc. as per RBI

norms Withdrawals through slips/ cheques accompanied

by card and passbook.

Major source Commercial Banks Regional Rural Banks Co-operative Banks

Thank You ……….