Kisan Credit Card (KCC) Scheme
MBGB Kisan Credit Card Scheme
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.
All farmers, JLGs, SHGs, Tenant Farmers, oral Lessees and Share Croppers
Oral less farmers
Extent of Loan
Up to 5 Lac (Upto 10 Lac for borrower having satisfactory operation from last two years)
On basis of oral lessees up to Rs.15000/- (Tenant farmers and landless labourers)
- banking habit.
Up to Rs.50000/- to JLGs recommended by NGOs approved by NABARD and having
- regarding cultivation of land.
Maximum up to Rs.25000/- to JLGs, which provided certified copy of the land owner
Fixation of Limit:
- fixed by DLTC.
The KCC limit will be fixed for the limit arrived for the 5th year based on the scale of finance
Additional limit to the tune of
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.
Other Important Issues:
KCC RuPay card is available which can beused in any ATM in the country.
Interest Subvention-On prompt repayment Interestsubvention of 3% is available from Central
Crop Insurance and Personal Accidental Insurance is mandatory.
- place using card within last 45 days of accident.
1 Lac Accidental Insurance on RuPay Card is available without Premium, if transaction took