RURAL CREDIT & FINANCE FOR AGRICULTURE

1. SUB – RURAL CREDIT & FINANCE FOR
AGRICULTURE

2.  Kisan Credit Card is a credit card to provide affordable
credit for farmers in India.
 KCC scheme was introduced by GOI in August 1998.
 Scheme formulated by NABARD.
 The Scheme provides credit for ancillary activities
related to Crop Production.
 The revised KCC Scheme is to be implemented by
Commercial Banks, RRBs and Cooperatives.

3.  Post Harvest expenses
 Produce Marketing Loan
 Consumption requirements of farmer households
 Short term credit requirements for cultivation of crops.
 Working capital for maintenance of farm assets
 Investment credit requirements for agriculture and
allied activities like pump sets, sprayers, dairy animals.

4. Individuals who meet the following requirements can get a Kisan
Credit Card
 All Farmers – Individuals / Joint borrowers who are owner or
cultivators
 Minimum age – 18 years
 Maximum age – 75 years at the end of loan tenure
 For Borrowers above the age of 60, Co-borrower less than 60 years
old is mandatory.
 Joint holding up to 5 persons is permitted.
 Borrowers with good track record over the past 2 years would be
the prime customers.

5. BANK NAME INTEREST RATE
State Bank of India 11.30 % -13.30 %
ICICI Bank 9.70 % - 12 %
Axis Bank 9.90 % - 13.65 %
Allahabad Bank 9.70 % - 11.70 %
Bank of Baroda 7 % - 11.65 %
For Loan up to Rs. 150,000/- Hypothecation of crops/assets created
out of our finance.
For Loan above Rs. 150,000/- 1) Hypothecation of crops/assets created
out of our finance.
2) Mortgage of landed properties.

6.  Insurance under KCC holders are covered by a
personal accident insurance.
 The cover is as follows:
 Death- 50,000
 Disability- 25,000
 Maximum age to enter- 70 years

7.  Access to adequate and timely credit to farmers.
 There is no need for any elaborate documentation
process.
 Flexibility to draw cash and buy inputs.
 The role of brokers can be minimized.
 The efficient allocation of money can be done for the
maximum benefit of the farmers.