Kisan credit card scheme

Reserve Bank of India has revised kisan credit card scheme. In this scheme RBI has made the procedure simple as the farmers can take its benefits. RBI has issued a circular no 77 dated 11-05-2012 about revised kisan credit card scheme which is as follows.

RPCD.FSD.BC.No. 77/05.05.09/2011-12

May 11, 2012
The Chairman and Managing Director/CEOs,
All Scheduled Commercial Banks,
(Excluding RRBs)
Madam / Dear Sir,
Revised Kisan Credit Card (KCC) Scheme

Please refer to our circular RPCD.PLFS.BC.No.38/05.05.09/2004-05 dated October 4, 2004 advising you to implement the Revised Model KCC Scheme.

2. With a view to simplify and attune the Scheme to suit to current requirements and to facilitate issue of Electronic Kisan Credit Cards, a Working Group under the Chairmanship of Shri T.M.Bhasin, Chairman and Managing Director, Indian Bank was constituted. The Working Group has since submitted its recommendations based on which a revised Kisan Credit Card (KCC) Scheme has been devised.

3. The revised Kisan Credit Card Scheme together with illustrations on assessment of KCC limits are enclosed in Annex.
4. All banks are advised to implement the revised Kisan Credit Card (KCC) Scheme.
Yours faithfully,
Chief General Manager,
Encl: as above
Tags-kisan credit card scheme,revised kisan credit card scheme,credit cards for farmers
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