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INTRODUCTION
It was started by the Government of India, RBI, and NABARD
In year 1998-99 Flexible and simplified procedure, adopting whole farm approach
NEED OF KCC
Banks takes too much time to grant loans for agriculture. Too much documentation is required for agriculture loans High interest rates on agricultural loans
Source-NABARD
CHALLENGES FACED
Banks does not agree to give loans without any security or guarantee.
No company for crop insurance Local money lenders oppose on local level Government also subsidy on credit required funds for providing
Government convinced an insurance company to provide crop insurance on low cost Govt. also asked banks to provide farmers 15% extra loan to farmer for their daily needs
Source-NABARD
Special package for agricultural reforms Programmes likes kisan credit card mela , local bodies like panchyats used for awareness & education
Source-NABARD
DOCUMENTS REQUIRED
Bhu- Adhikar Pustika Sarpanch Praman Patra Voter I-card Residential Proof 8 Photographs Khasra,Khatauni(latest 5yrs.) land Map(Naksa).
Source-NABARD
OFFERING BY KCC
Government gives 50% subsidy on interest for one year. Charges only 3% interest rate on loans for 6 months.
Provide health insurance up to 1 lakhs for farmers for three years in just Rs. 45 in which banks pay Rs. 30 on behalf of card holder.
Source-NABARD
Crop insurance only on 3 % of total loan A local committee are formed who decided the per hectare amount of loan Local committee consist of officials form agriculture department , various banks , local government bodies.
Source-NABARD
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ADVANTAGES OF KCC
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CONT
Credit facility for 3 years no need for seasonal appraisal Maximum credit limit based on agriculture income Any number of withdrawals subject to credit limit Repayment only after harvest
Source-NABARD
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Source-NABARD
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