The credit limit under the Kisan Credit Card may be fixed as under :ĥ.1 All farmers other than marginal farmers 1 :ĥ.1.1 The short term limit to be arrived for the first year (For cultivating single crop in a year): Self Help Groups (SHGs) or Joint Liability Groups (JLGs) of farmers including tenant farmers, share croppers etc. Tenant farmers, oral lessees & share croppers Farmers - individual/joint borrowers who are owner cultivators Note: The aggregate of components ‘a’ to ‘e’ above will form the short term credit limit portion and the aggregate of components under ‘f’ will form the long term credit limit portion. Investment credit requirement for agriculture and allied activities. Working capital for maintenance of farm assets and activities allied to agriculture
To meet the short term credit requirements for cultivation of crops Ĭonsumption requirements of farmer household The Kisan Credit Card scheme aims at providing adequate and timely credit support from the banking system under a single window with flexible and simplified procedure to the farmers for their cultivation and other needs as indicated below: The Kisan Credit Card Scheme detailed in the ensuing paragraphs is to be implemented by Commercial Banks, RRBs, Small Finance Banks and Cooperatives. Implementing banks will have the discretion to adopt the same to suit institution/location specific requirements. The scheme provides broad guidelines to banks for operationalizing the KCC scheme. Bhasin, CMD, Indian Bank with a view to simplify the scheme and facilitate issue of Electronic Kisan Credit Cards. The scheme was further revisited in 2012 by a working Group under the Chairmanship of Shri T.
allied and non-farm activities in the year 2004.
The scheme was further extended for the investment credit requirement of farmers viz. and draw cash for their production needs. The Kisan Credit Card (KCC) scheme was introduced in 1998 for issue of Kisan Credit Cards to farmers on the basis of their holdings for uniform adoption by the banks so that farmers may use them to readily purchase agriculture inputs such as seeds, fertilizers, pesticides etc. Master circular on the Kisan Credit Card (KCC) Scheme The Master Circular has been placed on the RBI website. This Master Circular consolidates the relevant guidelines issued by the Bank on Kisan Credit Card scheme upto Jas listed in the Appendix.Ģ. The Reserve Bank of India has issued guidelines on Kisan Credit Card (KCC) scheme from time to time.
The Chairman / Managing Director /Chief Executive OfficerĪll Scheduled Commercial Banks (including Small Finance Banks and excluding RRBs) Master Circular - Kisan Credit Card (KCC) Scheme Note : To obtain an aligned printout please download the (200.00 kb ) version to your machine and then use respective software to print the story.
0 kommentar(er)
