Benefit
Govt benefit
Deadline
Ongoing
Beneficiaries
70,000,000
Sector
Crops, Dairy
Overview
KCC scheme provides adequate and timely credit support for comprehensive credit requirements of farmers including short-term credit for cultivation, post-harvest expenses, produce marketing loan, consumption requirements, and working capital for allied activities.
Launched on 01 Aug 1998
Benefits
Payment mode
Bank Credit
Interest subvention of 2%, Additional 3% prompt repayment incentive, Effective interest 4% per annum, Renewable credit facility, No collateral upto ₹1.6 lakh
Scheme components:
- Short Term Credit
- Term Loan for Allied Activities
- Working Capital
- Contingency
Eligibility
- Categories
- Farmers, Tenant Farmers, Oral Lessees, Sharecroppers, SHGs/JLGs
- Beneficiary type
- Individual
- Age
- 18 – 75 years
- Land holding
- 0.01 – any acres
- Gender
- All
- States
- All India
How to apply
Application mode: Offline
- Apply at nearest bank branch with land documents, identity proof, and address proof.
Documents required
- Aadhaar Card
- Land Records
- Photo
- Address Proof
- Bank Account
Official links & contacts
Impact & success
7 crore active KCC holders, ₹7 lakh crore credit disbursed annually