(a) whether the Government has made any provision for assessment of Kisan Credit Card Scheme;
(b) if so, the details thereof;
(c) whether the Government proposes to simplify/make any change in KCC renewal process and
norms prescribed for providing loans under Kisan Credit Card Scheme; and
(d) if so, the details thereof?
The Minister of State in the Ministry of Finance (Shri Namo Narain Meena)
(a) to (d) : The Government had constituted a Working Group in 2011, under the chairmanship
of Shri T.M. Bhasin, Chairman and Managing Director of Indian Bank, to review the Kisan Credit
Card Scheme and to suggest changes to be made in the KCC Scheme to make it a Smart-cum-Debit
Card. Based on the recommendations of the Group, as accepted by Government, Reserve Bank of
India (RBI) has revised the guidelines for Kisan Credit Card.
As per the revised Scheme, the KCC is valid for five years subject to an annual review. The
farmer is required to furnish one-time documentation at the time of first availment of loan
and, thereafter, simple declaration about crops raised / proposed is required to be given
from the second year onwards.
The RBI has reported that as on 30 June 2013, a total of 39.23 lakh new Smart-cum-Debit Cards
have been issued by Commercial Banks (both Public Sector and Private Sector Commercial Banks).
As regards Cooperative Banks and Regional Rural Banks, as on 31st October, 2013, 3.14 lakh KCC
holders have been issued ATM-cum-Debit cards.