KISAN CREDIT CARD SCHEME MAKES RAPID
PROGRESS
The Kisan Credit
Card (KCC) scheme has made rapid progress with the banking system
issuing more than 337.88 lakh cards up to 31.8.2003. The details
of the cards issued by cooperative banks, commercial banks and
regional banks up to 31st August, 2003 are given below:
Cards
issued Amount Sanctioned
(No.in
crores) ( Rs. in crores)
Cooperative Banks 2.08 48982.51
Regional Rural
Banks 0.29 8440.07
Commercial Banks 0.99 25309.99
Total 3.37 82732.58
The Kisan Credit
Card Scheme was launched in 1998-99 to provide adequate and timely
support from the banking system to farmers for their cultivation
needs including all purchases in a flexible and cost effective
manner
The performance
under the scheme during the first year was minimal and the scheme
actually picked up during 1999-2000. The year-wise details from
1999-2000 to 2002-2003 are given below:
Year KCC
issued Loan sanctioned
(in lakhs) ( Rs. in crores)
1999-2000 51.35
7,548
2000-2001 86.52
16,427
2001-2002 93.40
25,858
2002-2003 76.10
24581.56
The personal
insurance package to cover the KCC holders against accidental
death or permanent disability up to a maximum amount of Rs.50,000
and Rs.25,000 respectively was also operationalised during 2001-2002.
