As per Circular No. RBI/2011-12/553 RPCD.FSD.BC.No. 77/05.05.09/2011-12 Dated May 11, 2012 Reserve Bank of India has revided the Kisan Credit Card Scheme. In this scheme RBI has made the simple procedure as the farmers can take its benefits. To view complete circular see the below.
RBI/2011-12/553
RPCD.FSD.BC.No. 77/05.05.09/2011-12
May 11, 2012
RPCD.FSD.BC.No. 77/05.05.09/2011-12
May 11, 2012
The Chairman and Managing Director/CEOs,
All Scheduled Commercial Banks,
(Excluding RRBs)
Madam / Dear Sir,
Revised Kisan Credit Card (KCC) Scheme
Please refer to our circular RPCD.PLFS.BC.No.38/05.05.09/2004-05 dated October 4, 2004 advising you to implement the Revised Model KCC Scheme.
2. With a view to simplify and attune the Scheme to suit to current requirements and to facilitate issue of Electronic Kisan Credit Cards, a Working Group under the Chairmanship of Shri T.M.Bhasin, Chairman and Managing Director, Indian Bank was constituted. The Working Group has since submitted its recommendations based on which a revised Kisan Credit Card (KCC) Scheme has been devised.
3. The revised Kisan Credit Card Scheme together with illustrations on assessment of KCC limits are enclosed in Annex.
4. All banks are advised to implement the revised Kisan Credit Card (KCC) Scheme.
2. With a view to simplify and attune the Scheme to suit to current requirements and to facilitate issue of Electronic Kisan Credit Cards, a Working Group under the Chairmanship of Shri T.M.Bhasin, Chairman and Managing Director, Indian Bank was constituted. The Working Group has since submitted its recommendations based on which a revised Kisan Credit Card (KCC) Scheme has been devised.
3. The revised Kisan Credit Card Scheme together with illustrations on assessment of KCC limits are enclosed in Annex.
4. All banks are advised to implement the revised Kisan Credit Card (KCC) Scheme.
Yours faithfully,
(C.D.Srinivasan)
Chief General Manager,
Encl: as above
(C.D.Srinivasan)
Chief General Manager,
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