Kisan Credit Card (KCC)

The Kisan Credit Card (KCC) Scheme helps farmers, animal husbandry, and fisheries businesses with working capital.
The scheme includes an interest subvention and a prompt repayment incentive.

Features

Interest subvention

The government provides an interest subvention of 1.5% per annum.

Prompt repayment incentive

Farmers who repay their loans on time receive a 3% prompt repayment incentive.

Credit limit

The credit limit for new card holders is Rs 2 lakhs. Existing card holders can avail benefits up to Rs 3 lakhs.
Working capital
The KCC can be used for working capital requirements in animal husbandry and fisheries.

Eligibility

Farmers who own or lease registered fishing vessels, or have the necessary fishing license, can apply for the KCC.

Uses of KCC in fisheries

Fresh water fish/prawn culture
Brackish water shrimp/fish/crab culture
Fish/shrimp/prawn/crab seed rearing
Capture fisheries in fresh water, brackish water, and marine

Uses of KCC in animal husbandry

Milch animal rearing
Poultry layer farming
Poultry broiler farming
Sheep rearing
Goat rearing
Pig rearing
Rabbit rearing for wool and work animals

Beneficiary:

farmers, animal husbandry, and fisheries businesses with working capital

Benefits:

The scheme includes an interest subvention and a prompt repayment incentive