RBI to revamp Kisan Credit Card norms: Tenure extension, season standardization proposed

• RBI initiates major overhaul of Kisan Credit Card (KCC) scheme to expand coverage and simplify operations.
• Proposed changes include standardizing crop seasons, extending KCC tenure to six years, and aligning limits with Scale of Finance (SoF).
• Recognition of agri-tech expenses as eligible under KCC is also part of the revised framework.
• Draft guidelines will consolidate existing instructions for banks into a single updated framework.
• The KCC scheme, launched in 1998, provides flexible credit for various agricultural needs to individual farmers, SHGs, and JLGs.