Kisan Credit Card provides flexible revolving credit to farmers for agricultural inputs, allied activities, and consumption needs. 7.75 crore active KCC accounts (March 2024); ₹9.81 lakh crore outstanding. Budget 2025-26 raised limit from ₹3 lakh to ₹5 lakh under Modified Interest Subvention Scheme (MISS). Extended to fisheries (1.24 lakh KCCs) and animal husbandry (44.40 lakh KCCs).
Target Beneficiaries: 7.75 crore active KCC accounts; ₹9.81 lakh crore outstanding (Mar 2024); 44.40 lakh KCCs for animal husbandry; 1.24 lakh for fisheries
3000
Funding Ratio (Centre:State): Implemented by Commercial Banks, RRBs, and Cooperatives; Interest subvention is 100% Central Government funded
GS Paper: GS3
Syllabus Tags
Introduced in 1998 based on the recommendations of the R.V. Gupta Committee.
KCC for Dairy farmers and Fishers.
Metric
7.75 Crore
Source: PIB/Ministry of Agriculture
Metric
₹9.81 Lakh Crore
Source: Reserve Bank of India
KCC has revolutionized agricultural credit by reducing the dependency of farmers on non-institutional sources (moneylenders). The inclusion of animal husbandry and fisheries has widened its safety net. However, there is a persistent 'credit deepening' issue where large farmers benefit more than small/marginal ones. The rigid 'land title' requirement often excludes tenant farmers and sharecroppers, who are the most vulnerable. Additionally, while the interest subvention makes it attractive, the high NPA levels in the agri-sector pose a systemic risk to rural banking.
Evaluate the role of the Kisan Credit Card (KCC) scheme in achieving the goal of doubling farmers' income by providing timely credit.
Financial Inclusion in Agriculture, Interest Subvention Scheme (ISS), PRI (Prompt Repayment Incentive), 4% Effective Interest Rate, Credit-led Growth in Rural Economy. Useful for GS3 Agriculture Finance and Economy questions.