RBI Revamps Kisan Credit Card: Key Changes to Boost Farm Sector

• RBI proposes major overhaul of Kisan Credit Card (KCC) scheme to expand reach and simplify operations.
• Review focuses on expanding coverage, streamlining processes, and addressing emerging needs in agriculture.
• Key changes include standardisation of crop season, extending KCC tenure to six years, and aligning drawing limits with Scale of Finance.
• KCC will now formally include expenditure on technological interventions like modern equipment and precision farming tools.
• Draft guidelines incorporating these changes will be issued shortly by the central bank.