The Kisan Credit Card (KCC) scheme was introduced in 1998 for issue of Kisan Credit Cards to farmers on the basis of their holdings for uniform adoption by the banks so that farmers may use them to readily purchase agriculture inputs such as seeds, fertilizers, pesticides etc. and draw cash for their production needs. All farmers-individuals/Joint borrowers who are owner cultivators. Tenant farmers, Oral leases and Share croppers, etc. are eligible fr Kisan Credit card.
The Kisan Credit Card Scheme was introduced with the objective of providing adequate and timely credit to the farmers for their agricultural operations. The Government of India provides interest subvention of 2% and Prompt Repayment Incentive of 3% to the farmers, thus making the credit available at a very subsidized rate of 4% per annum. This idea relates to a special plan for farmers to benefit them.. Farmers can use this program to borrow money from banks.
Presentation- Dibyabharati Nayak
