Kisan Credit Card (KCC) Scheme
.png "Kisan Credit Card (KCC) Scheme")
Launched: 1998
Objectives
- The scheme aims at providing adequate and timely cred it for the comprehensive credit requirements of farmers under single window for their cultivation and 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, activities allied to agriculture, like dairy animals, inland fishery and also working capital required for floriculture, horticulture etc.
- Investment credit requirement for agriculture and allied activities like pump sets, sprayers, dairy animals, floriculture, horticulture etc.
Salient Features of (KCC)
- The loan disbursed under KCC is broad based and may be used for short term credit requirements for cultivation of crops, post-harvest expenses, produce marketing loan, consumption requirement of farmer household etc.
- The loans disbursed under KCC Scheme for notified crops are covered under Crop Insurance Scheme.
- The KCC has been extended to fisheries and animal husbandry farmers to help them meet their working capital needs.
- Scheme covers risk of KCC holders against death or permanent disability resulting from accidents caused by external, violent and visible means.
