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The Kisan Credit Card (KCC) scheme is a credit scheme introduced in August 1998 by Indian public sector banks to issue kisan credit card to the farmers of India.This model scheme was prepared by the National Bank for Agriculture and Rural Development (NABARD) on the recommendations of the R. V. Gupta Committee [1] to provide advances for agricultural needs.
Under the scheme, 1 crore of the poorest among the poor (BPL, below poverty line) families covered under the targeted public distribution system are identified. Issue of ration cards following the recognition of Antyodaya families; unique quota cards to be recognised and "Antyodaya Ration Card" must be given to the Antyodaya families.
The credit flow to agriculture activities sanctioned by NABARD reached Rs 1,57,480 crore in 2005–2006. [citation needed] Through assistance of the Swiss Agency for Development and Cooperation, NABARD set up the Rural Innovation Fund. The Rural Infrastructure Development Fund (RIDF) is another noted scheme for the bank for rural development. [31]
Kisan credit card holder having limit of 50,000 rupees are also kept outside Pradhan Mantri Gramin Awas Yojana. Households having any government employee are also kept outside. If any member of the family is earning more than 15,000 rupees per month.
Government scheme cards include debit and credit cards, such as the RuPay PMJDY, RuPay Mudra and RuPay PunGrain debit cards, and the RuPay Kisan credit card. [27] It also offers combo cards that offer debit and credit, debit and prepaid, or credit and prepaid features through a single card.
Unique credit cards are now offered by banks, the most popular being general purpose credit cards (GCCs), and Kisan credit cards. These unique cards offer credit to those in rural and semi-urban areas, farmers, and others with adjusted collateral and security requirements with the objective of providing hassle-free credit. [39]
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Additionally, the state achieved 99.26% saturation in issuing over 96,492 Kisan Credit Cards (KCC) through a single window system by January 2023. [87] The National Food Security Mission facilitated a remarkable 30% increase in wheat yield from 1,510 kg to 1,970 kg per hectare between 2013–14 and 2019–20.