BANKING AFFAIRS

Detailed explanation-1: -RuPay also provides a unified “Kisan card", issued by banks across the country as the Kisan Credit Card, enabling farmers to transact business on ATMs and PoS terminals.

Detailed explanation-2: -NABARD IN NEWS The KCC is available at all Indian banks, regional rural banks and the co-operative banks. The KCC scheme has short-term credit limits for crops and term loans.

Detailed explanation-3: -The Reserve Bank of India has issued guidelines on Kisan Credit Card (KCC) scheme from time to time.

Detailed explanation-4: -The Kisan Credit Card (KCC)[1] 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-5: -Kisan Credit Card Scheme is implemented by Scheduled Commercial banks, Co-operative banks and Regional Rural banks. NABARD had contributed in designing the scheme by taking various inputs from the banks and in light of the recommendations of the RV Gupta Committee. Was this answer helpful?