Download - Kcc Rural Ppt
PRESENTATION ON
KISAN CREDIT CARD
PRESENTED BY:-SHASHANK JAIN,RUPESH JAINNASIR JALAL SITESH PRATAP SINGH
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It was started by the Government of India, RBI, and NABARD
In year 1998-99
Flexible and simplified procedure, adopting whole farm approach
Provide aff ordable credit for farmers in India.
Including the short-term credit, medium term and long term credit
INTRODUCTION
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Exploitations of farmers by local money lenders
To remove local money lenders (Saahukars, Mahajans )
Banks does not gives loans without any security or guarantee
NEED OF KCC
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Banks takes too much time to grant loans for agriculture.
Too much documentation is required for agriculture loans
High interest rates on agricultural loans
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Banks does not agree to give loans without any security or guarantee.
No company for crop insurance
Local money lenders oppose on local level
Government also required funds for providing subsidy on credit
To create awareness & educate them about KCC
CHALLENGES FACED
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Govt. convinced banks to give loans up to 1 lac without any guarantee
Government convinced an insurance company to provide crop insurance on low cost
Govt. also asked banks to provide farmers 15% extra loan to farmer for their daily needs
HOW THEY OVERCOME - CHALLENGES
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Special package for agricultural reforms
Programmes likes kisan credit card mela , local bodies like panchyats used for awareness & education
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Bhu- Adhikar Pustika
Sarpanch Praman Patra
Voter I-card
Residential Proof
8 Photographs
Khasra,Khatauni(latest 5yrs.)
land Map(Naksa).
DOCUMENTS REQUIRED
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Government gives 50% subsidy on interest for one year.
Charges only 3% interest rate on loans for 6 months.
Provide health insurance up to 1 lakhs for farmers for three years in just Rs. 45 in which banks pay Rs. 30 on behalf of card holder.
OFFERING BY KCC
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Crop insurance only on 3 % of total loan
A local committee are formed who decided the per hectare amount of loan
Local committee consist of offi cials form agriculture department , various banks , local government bodies.
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No need to apply for a loan for every crop
Assured availability of credit at any time
Helps buy seeds, fertilizers at farmer’s convenience and choice
Helps buy on cash-avail discount from dealers
ADVANTAGES OF KCC
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Credit facility for 3 years – no need for seasonal appraisal
Maximum credit limit based on agriculture income
Any number of withdrawals subject to credit limit
Repayment only after harvest
CONT…
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