RBI Proposes 4 Major Changes to Kisan Credit Card Scheme: What Beneficiaries Must Know

• RBI releases draft directions to revise Kisan Credit Card (KCC) Scheme, aiming to expand coverage and streamline operations.
• Crop cycles standardized: 12 months for short-duration crops, 18 months for long-duration crops.
• Overall KCC facility tenure extended to six years, providing farmers with greater repayment flexibility.
• Drawing limits linked to the actual cost of cultivation for each crop season, ensuring adequate financing.
• Eligible components expanded to include technological interventions like soil testing and weather forecasts within the KCC framework.