Kisan Credit Card (KCC) Norms Simplified

The procedure for determining validity/renewal of Kisan Credit Card (KCC) has been simplified under the revised KCC Scheme issued by the Reserve Bank of India (RBI) and National Bank for Agriculture and Rural Development (NABARD) in 2012.

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 Reserve Bank of India (RBI) has reported that no large scale complaints about cases of misuse of KCC have been received. However, any such complaint, as and when received, is taken up with the concerned lending institution for remedial action.

Recently, Ballia Etawah Gramin Bank had received complait regarding multiple mortgage of same property in some KCC accounts in Chitbaragaon Branch of State Bank of India (SBI) and Ballia Etawah Gramin Bank FIR has been filed by Ballia Etawah Gramin Bank on 2nd April, 2013 against the borrowers wide No. 224/13 under Sections 419, 420, 467 and 471 of Indian Penal Code (IPC).

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