Kisan Credit Card (KCC): A Game-Changer in Agricultural Financing
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The Kisan Credit Card (KCC) scheme has emerged as a critical financial instrument for India's farmers, ensuring easy access to affordable credit for agricultural and allied activities. With the total operative KCC loan amount crossing ₹10.05 lakh crore , benefitting 7.72 crore farmers , the scheme has played a transformative role in rural credit expansion. What is the Kisan Credit Card (KCC)? The Kisan Credit Card (KCC) is a financial product introduced by the Government of India to provide short-term, hassle-free credit to farmers. Launched in 1998 by NABARD , the KCC aims to offer timely financial support to farmers for purchasing inputs like: ✔ Seeds, fertilizers, pesticides ✔ Crop production expenses ✔ Post-harvest requirements ✔ Farm maintenance and repairs ✔ Allied activities such as dairy, fisheries, and animal husbandry Why was the Kisan Credit Card (KCC) Introduced? Before KCC, farmers were largely dependent on moneylenders who charged exorbitant interest rate...