Ministry of Finance
Posted On: 05 JAN 2018 3:36PM by PIB Delhi
Kisan Credit Card (KCC) scheme meets the financial requirements of farmers
at various stages of farming. The 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:
- 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 and
activities allied to agriculture;
- Investment credit requirement for agriculture and
allied activities.
The KCC scheme also provides the facility of
ATM enabled RuPay Card, one-time documentation, built-in cost escalation in the
limit and any number of drawals within the limit.
The farmers eligible under the KCC scheme include
small farmers, marginal farmers, share croppers, oral lessee and tenant
farmers. The Self Help Groups (SHGs) or Joint Liability Groups (JLGs) are also
eligible for availing benefits under the said scheme.
This was stated by Shri Shiv Pratap Shukla,
Minister of State for Finance in written reply to a question in Lok Sabha
today.
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