Kisan Credit Card (KCC) Scheme

MBGB Kisan Credit Card Scheme

Purpose:

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.

Eligibility:

  • 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)
  • Up to Rs.50000/- to JLGs recommended by NGOs approved by NABARD and having banking habit.
  • Maximum up to Rs.25000/- to JLGs, which provided certified copy of the land owner regarding cultivation of land.

Fixation of Limit:

  • The KCC limit will be fixed for the limit arrived for the 5th year based on the scale of finance fixed by DLTC.
  • Additional limit to the tune of

Disbursement:

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.

Repayment:

Within 12 Months

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 Government.
  • Crop Insurance and Personal Accidental Insurance is mandatory.
  • 1 Lac Accidental Insurance on RuPay Card is available without Premium, if transaction took place using card within last 45 days of accident.
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