1.
Doctor Harisingh Gour Vishwavidyalaya (A Central University), Sagar (M.P.), India
Description
The KCC Scheme is the financial scheme in India and it is a non-discriminatory banking product in India. the replica of the KCC Scheme was prepared by NABARD on the guidance of the R.V. Gupta Committee on behalf of the Government of India. The main objectives of this study are to evaluate the execution of the KCC scheme in the term of No. of card issued and disbursed an amount of advance through the branches of Regional Rural Bank in Damoh district from the year 2015 to the year 2020, Present study is based on both types of data as primary data and secondary data also, the correlation research design has adopted for conducting this research. Finally, the present study concluded that the execution of the Kisan Credit scheme in the term of the total no. of cards issued and total no. of the disbursed amount of advance is not growing progressively during the period from the year 2015 to the year 2020 but both are highly correlated in each other.
Notes
The small marginal farmers have required the loan to perform the various agricultural operation
as manuring, harvesting, seeding, and permanent improvement on land like digging the wells
and tube wells, etc therefore farmers stretch their hands towards money lenders, they usually
lend a small amount of loan at very high rates of interest to the farmers thus the repayment of
the amount of loan is generally so difficult for the farmers, in order to get rids problem the
Government of India had established the regional rural bank to provide financial facilities at
concessional rate of interest to the farmers through implementing the financial schemes time
to time, the Kisan Credit Scheme is one of the financial schemes among them, the KCC scheme
was introduced in the year 1998-99 in India, the Model of KCC Scheme was prepared by
NABARD (National Bank for Agricultural and Rural Development) under the guidance of the
R.V. Gupta Committee on behalf of the Central Government of India.
The KCC scheme is beneficial to the small marginal farmer to provide advances on the
concessional rate of interest to enhance the agriculture productivity of farmers through which
they operate agricultural operations efficiently. The farmers are the beneficial persons who are
availing with the KCC under this Scheme. The financial facilities are decided based on the
scale of finance, the size of landholdings, cropping pattern and also depends on the judgment
of banking officers.
The important aim of the KCC Scheme is to provide timely and adequate credit support to
farmers from the formal banking system in a flexible, hassle-free, cost-effective manner, it
plays an important role in the socio-economic development of farmers by providing on-demand
financial assistance to them timely.
The Regional Rural Banks (RRBs) play an important role to fulfil the financial requirements
of the poor, marginal farmers under the KCC scheme (Malaiya & Suryavanshi, 2021). from
the year 1998-99, the KCC scheme has been implemented by public sector commercial banks,
RRBs (Regional Rural Banks), and cooperative banks in the country.(Chhoidub & Pathania,
2017), the RRB is also offered credit facilities to the marginal poor, small, farmers of rural
areas to fulfill their agricultural credit requirement timely by implementing the KCC scheme,
KCC is the financial scheme that had been introduced to enhance the flow of credit to the rural
sector because credit is one of the critical inputs in agriculture and effective means of
development of farmers in India.
