BANKING AFFAIRS

Detailed explanation-1: -The Kisan Credit Card (KCC) scheme was introduced in 1998 for issue of Kisan Credit Cards to farmers on the basis of their holdings for uniform adoption by the banks so that farmers may use them to readily purchase agriculture inputs such as seeds, fertilizers, pesticides etc. and draw cash for their production needs.

Detailed explanation-2: -NABARD IN NEWS In a bid to provide term loan for agricultural needs of the farmers, Indian banks introduced Kisan Credit Card (KCC) scheme in August 1998. The model of KCC scheme was prepared by NABARD (National Bank for Agriculture and Rural Development) that met the recommendations of RV Gupta Committee.

Detailed explanation-3: -Kisan Credit Card (KCC) Scheme was introduced in 1998-99 to improve the credit delivery to farmers.

Detailed explanation-4: -Tenure: 5 years, with 10% annual increase of limit every year, subject to annual review. Rupay debit cards for all eligible KCC borrowers.