Agricultural Banking

Kisan Credit Card

Kisan Credit Card (KCC) Scheme

Purpose:

Working capital requirement/short term credit requirement for cultivation of crop including Post harvest expenses, production marketing loan, Consumption requirement and towards maintenance of farm assets.

Eligibility:

All farmers, JLGs, SHGs, Tenant Farmers, Oral Lessees and Share Croppers

Extent of Loan:

Up to 10 Lac (Upto 20 Lac for borrower having satisfactory operation from last two years)

On basis of oral lessees up to Rs.15000/- (Tenant farmers and landless labourers)

Up to Rs.50000/- to JLGs recommended by NGOs approved by NABARD and having banking habit.

Maximum up to Rs.25000/- to JLGs, which provided certified copy of the land owner regarding cultivation of land.

Fixation of Limit:

 The KCC limit will be fixed for the limit arrived for the 5th year based on the scale of finance fixed by DLTC.

 Additional limit will be available for maintenance of farm assets and post-harvest expenses.

Disbursement:

 Disbursement to be done in the form of revolving Cash credit facility. DP to be allowed on the basis of scale of finance for that year.

Repayment:

 Within 12 Months

Other Important Issues:

 KCC RuPay card is available which can be used in any ATM in the country.

 Interest Subvention-On prompt repayment Interestsubvention of 3% is available from Central Government.

 Crop Insurance and Personal Accidental Insurance is mandatory.

 1 Lac Accidental Insurance on RuPay Card is available without Premium, if transaction took place using card within last 45 days of accident.