jason88
5 posts
May 14, 2024
9:03 PM
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The Kisan Credit Card (KCC) scheme is a government initiative in India aimed at providing farmers with access to affordable credit for their agricultural and allied activities. Launched in 1998 by the Reserve Bank of India (RBI) and the National Bank for Agriculture and Rural Development (NABARD), the KCC Scheme offers farmers a revolving line of credit, allowing them to borrow funds as per their agricultural needs without the need for repeated loan applications. KCCs are issued by various financial institutions, including commercial banks, cooperative banks, and regional rural banks. also look at the PM Kisan scheme which provide 6000 rupees every year. The card typically provides flexible repayment options, interest subsidies, and insurance coverage for crops and livestock. With the KCC, farmers can avail of timely credit for purchasing inputs like seeds, fertilizers, pesticides, machinery, and meeting other agricultural expenses, thereby enhancing productivity and ensuring financial security.
Last Edited by jason88 on Jun 11, 2024 10:22 PM
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