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Kisan Credit Card (KCC)

एमबीजीबी किसान क्रेडिट कार्ड योजना

Kisan Credit Card Scheme (KCC)

1 Purpose: 

ØWorking 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.

2 Eligibility: 

ØAll farmers, JLGs, SHGs, Tenant Farmers, oral Lessees and Share Croppers

ØOral less farmers

3 Extent of Loan: 

ØUp to 5 Lac (Upto 10 Lac for borrower having satisfactory operation from last two years)

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

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

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

4 Fixation of Limit:

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

ØAdditional limit to the tune of

5 Disbursement:

ØDisbursement  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

7 Other Important Issues:

Ø  KCC RuPay card is available which can beused in any ATM in the country.

Ø  Interest Subvention-On prompt repayment Interestsubvention of 3% is available from CentralGovernment.

Ø  Crop Insurance and Personal AccidentalInsurance is mandatory.

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