Kisan Credit Card

Kisan Credit Card (KCC)

The Kisan Credit Card (KCC) scheme was launched to provide farmers with timely and affordable credit for their agricultural and allied needs. It empowers farmers by offering flexible, low-interest loans that support both cultivation and personal consumption.

Available through Commercial Banks, Cooperative Banks, and Regional Rural Banks (RRBs), the KCC scheme caters to individual farmers, joint borrowers, tenant farmers, sharecroppers, and oral lessees.

Key Features of KCC:

• 1. Loan Purpose: Credit for crop production, post-harvest expenses, marketing, and allied activities like dairy, poultry, and fisheries.
• 2. Loan Amount: Determined by landholding, crop type, and scale of finance.
• 3. Interest Rate: Nominal rates with government interest subvention on timely repayments.
• 4. Validity: Credit facility typically valid for 5 years with annual reviews.
• 5. Repayment Period: Usually up to 12 months; extended in case of crop loss.
• 6. Insurance Cover: Personal accident insurance up to ₹50,000 for death and ₹25,000 for disability.
• 7. Revolving Credit: Works like a credit card with flexible withdrawal and repayment options.