Kisan Credit Card | Full Detail In Hindi | किसान क्रेडिट कार्ड क्या है | पूरी जानकारी हिंदी में
Kisan Credit Card | Full Detail In Hindi | किसान क्रेडिट कार्ड क्या है | पूरी जानकारी हिंदी में | SMART WAY
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What is a Kisan credit card?
Kisan Credit Cards are offered to farmers in India in order to enable them to access affordable credit for farmers. Reserve Bank of India (RBI), along with National Bank for Agriculture and Rural Development (NABARD) initiated the conception of Kisan Credit Cards (KCC) in 1998-99, in order to assist agriculturists to have easily accessible cash credit facilities.
This card allows farmers to obtain timely and adequate credit without any hassles such as the repeated credit screening processes undertaken by banks. Some of the highlights of the Kisan Credit Cards is that it provides flexibility in terms of repayment, which can be rescheduled in the event of unforeseen incidents like a bad crop season, with term extensions for a period of up to four years, and so on. Kisan credit card is valid for up to five years and is dependent on the annual renewals. The farmers can access the credit through card withdrawals or through bank withdrawal slips, and also have a passbook to record their transactions.