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  • Kisan Credit Card Scheme (KCCS) - Revised Scheme

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    The Kisan Credit Card scheme provides short-term credit to farmers for cultivation expenses, post-harvest costs, produce marketing, household needs, and farm asset maintenance. Eligible farmers include owner cultivators, tenant farmers, sharecroppers, and joint liability groups. As collateral, crops are hypothecated for loans up to Rs. 1.6 or 2.5 lakhs depending on the state, while land is mortgaged for higher amounts. Working capital loans are valid for 5 years and must be reviewed annually, while term loans repayable in yearly or half-yearly installments can extend up to 5 years.

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    KISAN CREDIT CARD SCHEME (KCCS)-REVISED SCHEME

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    The Kisan Credit Card scheme provides short-term credit to farmers for cultivation expenses, post-harvest costs, produce marketing, household needs, and farm asset maintenance. Eligible farmers include owner cultivators, tenant farmers, sharecroppers, and joint liability groups. As collateral, crops are hypothecated for loans up to Rs. 1.6 or 2.5 lakhs depending on the state, while land is mortgaged for higher amounts. Working capital loans are valid for 5 years and must be reviewed annually, while term loans repayable in yearly or half-yearly installments can extend up to 5 years.

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    © All Rights Reserved
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    Download as pdf or txt
    16 views1 page

    Kisan Credit Card Scheme (KCCS) - Revised Scheme

    Uploaded by

    vanhussian
    The Kisan Credit Card scheme provides short-term credit to farmers for cultivation expenses, post-harvest costs, produce marketing, household needs, and farm asset maintenance. Eligible farmers include owner cultivators, tenant farmers, sharecroppers, and joint liability groups. As collateral, crops are hypothecated for loans up to Rs. 1.6 or 2.5 lakhs depending on the state, while land is mortgaged for higher amounts. Working capital loans are valid for 5 years and must be reviewed annually, while term loans repayable in yearly or half-yearly installments can extend up to 5 years.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    KISAN CREDIT CARD SCHEME (KCCS)-REVISED SCHEME

    (ENABLED WITH RUPAY DEBIT CARDS)


    (Updated till 16.08.2022)
    Purpose The Kisan Credit Card 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:
    a) To meet the short term credit requirements for cultivation of
    crops;
    b) Post-harvest expenses;
    c) Produce marketing loan;
    d) Consumption requirements of farmer household;
    e) Working capital for maintenance of farm assets and activities
    allied to agriculture;
    Investment credit requirement for agriculture and allied activities
    (Long term component)

    Eligibility  All Farmers – Individuals / Joint borrowers who are owner


    cultivators
     Tenant Farmers, Oral Lessees & Share Croppers
     SHGs or Joint Liability Groups of Farmers including tenant farmers,
    share croppers etc

    Margin As per Scale of finance

    Security  In states where there is no online charge creation facility:


    Hypothecation of Crop for the loan up to Rs 1.60 lakhs and above 1.60
    lakhs mortgage of Agriculture land.
     In states where there is online charge creation facility:
    Hypothecation of Crop for the loan up to Rs 2.50 lakhs and above 2.50
    lakhs mortgage of Agriculture land.

    Repayment WC: The operative short term WC limit will be valid for 5 years
    Period subject to annual review
    Term Loan: Repayable in Yearly/Half yearly installments. Max. term
    of 5 years.

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