Kisan Credit Card (KCC):

A Kisan Credit Card (KCC) is a Credit card to provide affordable credit for farmers in India. It was introduced in the Banks in August’1998.

Objects/Purpose:

Kisan Credit Card Scheme aims at providing adequate and timely credit support from the banking system to the farmers for their short term credit needs during their cultivation for purchase of inputs etc. during the cropping season & other needs as indicated below:

• To meet the short term credit requirements for cultivation of crops
• Post harvest expenses
• Produce marketing loan
• Consumption requirements of farmer household
• Working capital for maintenance of farm assets and activities allied to agriculture, like dairy animals, inland fishery etc.
• Investment credit requirement for agriculture and allied activities like pump sets, sprayers, dairy animals etc.

Eligibility:

• All Farmers – Individuals / Joint borrowers who are owner cultivators
• Tenant Farmers, Oral Lessees & Share Croppers
• SHGs or Joint Liability Groups of Farmers including tenant farmers, share croppers etc.

Loan Component:

Crop loan issued through the KCC scheme is sanctioned for a period of Three (3) years subject to renewal of limit each year. Limit of kisan credit card depend upon scale of finance, which is decided by lead district bank and it varies from place to place.

Application Procedure:

The interested farmers may apply for KCC through the affiliated PACS (Primary Agricultural Co-Operative Society) of the Bank as per norms.