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.

Detailed explanation-2: -The Kisan Credit Card scheme is a Government of India scheme which provides farmers with timely access to credit. The Kisan Credit Card (KCC) scheme was launched in 1998 with the aim of providing short-term formal credit to farmers and was created by NABARD (National Bank for Agriculture and Rural Development).

Detailed explanation-3: -The Kisan Credit Scheme (KCC) was introduced in 1998 based on a model scheme prepared by the National Bank for Agriculture and Rural Development (NABARD). The scheme was introduced to meet the various credit requirements of the agriculture sector by giving financial assistance to farmers.

Detailed explanation-4: -Punjab National Bank (PNB) Kisan Credit Card Punjab National Bank is also one of the major public sector banks that offers Kisan Credit Card loans. It is quite easy to apply for a KCC loan via Punjab National Bank.

Detailed explanation-5: -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.