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Kisan Credit Card scheme was introduced by NDA Government in August 1998 with the aim to provide adequate and timely short-term credit needs of farmers during the croppin. GK, General Studies, Optional notes for UPSC, IAS, Banking, Civil Services. Kisan Credit Card Scheme: The Kisan Credit Card (KCC) scheme was announced in the Budget speech of 1998-99 to fulfil the financial requirements of the farmers at various stages of farming through institutional credit. Context. The government will provide Kisan Credit Card (KCC) to 1.5 crore dairy farmers belonging to milk unions and milk producing companies within the next two months (1st June-31st July 2020) under a special drive.

According to the Ministry of Agriculture and Farmers’ Welfare, currently there are 6.92 crore live KCCs, against 14.5 crore operational landholdings. From the information received from a senior official of the Ministry of Agriculture, we have come to know that the government is also working on increasing the coverage of Kisan Credit Card, the credit card has access to half the farmers of the country, i.e.

It was created to fulfill the Reserve Bank of India’s desire to have a domestic, open loop, and multilateral system of payments in India. RuPay Kisan Credit Card: RuPay is an Indian domestic card scheme conceived and launched by the National Payments Corporation of India (NPCI). GK, General Studies, Optional notes for UPSC, IAS, Banking, Civil Services. Kisan Credit Card coverage will be increased. Recently, banks have kickstarted a Kisan Credit Card (KCC) saturation campaign, for giving Kisan Credit Card (KCC) loans to farmers who have not been given such loans.. ; The special drive to provide KCC to 1.5 crore dairy farmers is part of the Prime Minister’s Atma Nirbhar Bharat package for Farmers. The aim of Kisan Credit Card Scheme (KCC) is to provide adequate and timely support from the banking system to the farmers for their short-term credit needs during their . Kisan Credit Card: Know what is Kisan Credit Card Scheme, who can apply for KCC, how to apply for it online, what is the eligibility and its key features.

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