The document provides information about the Kisan Credit Card scheme in India. It was introduced in 1998 by Indian banks to provide affordable credit to farmers. Key points include: - The Kisan Credit Card provides term loans and meets agricultural credit needs. Eligible farmers can receive loans at a 7% interest rate. - Features include interest subsidies to make loans effectively 4% annually, free ATM cards, crop insurance coverage, and loans assessed based on cost of cultivation. - To apply, farmers need identity proof, address proof, and can visit their local participating bank branch. Repayment is only required after harvest.

1. ASSIGNMENT ON
KISAN CREDIT CARD
SUBMITTED TO-
DR. B. KUMAR SIR
Submitted By-
Vikas Kumar Maurya

2. Introduction
Kisan Credit Card is a credit card to
provide affordable credit for farmers in India.
IndiaThe Kisan Credit Card (KCC) scheme is
a credit scheme introduced in August 1998 by
Indian banks.
 This model scheme was prepared by
the National Bank for Agriculture and Rural
Development (NABARD) on the
recommendations of R.V. GUPTA committee to
provide term loans and agricultural needs.
 Its objective is to meet the comprehensive
credit requirements of the agriculture sector.

3. Features and benefits
Get interest at saving bank rate on credit balance in
KCC account
Free ATM cum debit card (State Bank Kisan Card) for
all KCC borrowers
Interest subvention @2%p.a.is available for loan
amount upto Rs. 3 Lacs
Additional interest subvention @3% p.a. for prompt
repayments
Notified crops / notified areas are covered under crop
insurance for all KCC loans

4. Eligibility
All farmers – individuals/Joint cultivator owners
Minimum Age – 18 years.
 Maximum Age – 75 years.
In case a borrower is a senior citizen (age more than 60
years),
a co-borrower is mandatory where the co-borrower
should be a legal heir

5. Quantum of loan
Quantum of loan for 1st year will be
assessed on the basis of Cost of cultivation
 Post-harvest expenses and farm
maintenance cost
For subsequent 5 year loan will be
sanction on the basis of increase in scale of
finance

6. Rate of Interest
Simple interest @7% p.a will be charged for one year or
upto the repayment due date, whichever is earlier.
all the croploans up to Rs. 3 lakh are being disbursed at
the interest rate of 7% p.a.
 but Govt. of India also provides interest subvention of
3% p.a. to prompt
repaying farmers
thus making available the crop loans to them at 4% p.a.
and if the customer has a sound track record for three
years, he/she is
eligible for an increase in the credit limit.
In case of non-repayment within the due dates interest is
applied at card rate

7. Documents required
Duly filled in application form.
Identity proof- Voter ID card/PAN
card/Passport/ Aadhaar card,/Driving License
etc.
Address proof: Voter ID
card/Passport/Aadhaar card/Driving license etc.
How & where to apply?
contact your nearest bank branch for
application and further deta

8. Benefits of Kisan Credit Card
Repayment only after harvest
No need to apply for a loan for every crop
No need to apply for a loan for every crop
Flexible repayment options
Kisan Credit Card holders are also covered by a
personal accidental
insurance.
The cover is as follows:
Death : Rs. 50,000
Disability: Rs. 25000

9. Banks Providing Kisan Credit Card Facilities
Commercial banks Co- Operative banks Regional rural banks
Allahabad Bank Uttar Pradesh Co-operative Bank Allahabad UP Gramin Bank
Andhra Bank Maharashtra State Co-operative Bank Baroda UP Gramin Bank
Bank of Baroda Gujarat State Co-operative Bank Gramin Bank Of Aryavrat
Bank of India Kerala State Co-operative Bank Madhyanchal Gramin Bank
Bank of Maharashtra Prathama Bank
Bharatiya Mahila Bank Sarva UP Gramin Bank
Canara Bank Kashi Gomati Gramin Bank
Central Bank of India Purvanchal Bank
State Bank of India Shreyas Gramin Bank

10. Conclusion
Kisan Credit Card has played a significant role in farm
operation and income of farmers.
Reduce the Agricultural Indebtedness.
Additional interest subvention @3% p.a. for prompt
Repayments.
There is no restriction on the cash withdrawals.

11. Thank you