Research paper kisan credit card
Thus, there is no practice of seasonal limit in RRB also. In many districts the DLTC had not revised the scales of finance for crops for long. Drawal Facilities One of the objectives of KCC was to allow flexibility to the farmer for drawal of cash at various branches of the issuing bank particularly those located in semi urban or urban areas to facilitate easy availability of cash for purchase of agri-inputs like fertilizer and pesticides.
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Therefore, it would be in the interest of all the states to implement the scheme. Apart from the above, the progress is also reviewed at regular intervals in the meetings of Branch Managers of the banks. Farmers who cultivated leased in land did not get bank credit for the leased-in land. C The premium rate for other farmers may be revised downward suitably. Thus, there is no practice of seasonal limit in RRB also. References: 1. In case of RRB, a credit limit is sanctioned for the entire year and amount is released during Kharif up to 30 September, which is recovered by 31 March. The KCC instrument would allow farmers to purchase agriculture inputs, such as seeds, fertilizers, pesticides and also allow them to withdraw some cash for meeting their other crop production related requirement. However, it was found that all the banks have restricted the operations in KCC to the issuing branches only. Indian Journal of Agricultural Economics. Some more practical approach would have to be adopted if such detailed data is required to be maintained. Similarly farmers were also not making frequent repayments even if they had cash as the banks were not permitting them drawals once the entire credit assessed for a season was withdrawn even if there were some repayments and the outstanding were less than the limit sanctioned. If there are certain hurdles in it, State governments in consultation with Government of India may sort them out with GIC. All farmers both loanees and non-loanees irrespective of their size of holdings including sharecroppers, tenant farmers growing insurable crops are covered.
International Journal of Marketing and Technology. However, there is no system of providing credit limit for working capital requirement for agriculture, allied activities and NFS in the KCC itself.
Dynamics of institutional agricultural credit and growth in Punjab: Contribution and demand-supply gap. References: 1.
Similarly farmers were also not making frequent repayments even if they had cash as the banks were not permitting them drawals once the entire credit assessed for a season was withdrawn even if there were some repayments and the outstanding were less than the limit sanctioned.
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Break - up of the limit for crop production into seasonal sub-limit restricted the operation of the Kisan credit card limit as a revolving cash credit. Out of 9 progressive practices of wheat cultivation, to be adopted by the KCC holders, application of manures, proper marketing produce of wheat, plant protection measures and PHT in wheat crop required to be looked into for augmenting the adoption. Available from: ageconsearch. In many districts the DLTC had not revised the scales of finance for crops for long. The commercial banks broadly work out the eligibility as per the KCC scheme. The staff of the cooperatives banks had been complaining increase in the work load due to Kisan credit cards scheme as in co-operatives banks mirror accounts are required to be maintained at bank branch level for operations on Kisan credit card. There was highly significant difference between beneficiaries and nonbeneficiaries of KCC scheme with regards to seven major aspects of progressive farming practices. The bankers normally avoided clubbing of term loan with the crop loan for their accounting problem as according to them the charging of rate of interest, duration, repayment schedule etc. Cooperative banks were strictly following the scales of finance even if they were quite old. To determine the personal profile of the beneficiaries and nonbeneficiaries of KCC. Their coverage of small and marginal farmer had also been quite good. Lack of awareness and human resource development Despite considerable promotional efforts by banks, farmers were not aware of the facilities available under the scheme. In case of some commercial bank there is no issuance of card as such. Dynamics of institutional agricultural credit and growth in Punjab: Contribution and demand-supply gap.
based on 109 review