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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.
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.
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 50000 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 10000 rupees per month. Those who are paying income tax are also not included in Pradhan Mantri Gramin Awas Yojana.
As a consulting engineer visiting India I came to this page to find out about KCC. I consider that the KCC meets the criteria for notability because it is more than simply a brand of credit card and more represents a major government of India programme. I would love to see this article cleaned up by someone with better knowledge of the subject.
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]
The Raigad District Central Co-operative Bank was established on 30 September 1960. The Reserve Bank of India granted a banking license to the bank on 11 November 1995. Jayant Prabhakar Patil (MLC) took charge of the bank as chairman in 1997. [1] It is the first District Cooperative Central Bank to issue Kisan Credit Card in India which was ...
Payment card number. A payment card number, primary account number (PAN), or simply a card number, is the card identifier found on payment cards, such as credit cards and debit cards, as well as stored-value cards, gift cards and other similar cards. In some situations the card number is referred to as a bank card number.