Question: query regarding kisan credit card
Answer: all agricultural farmers are eligible to benefit from the kisan credit card scheme. this includes farmers who own their own land, tenant farmers, share croppers and lessees. the national crop insurance scheme covers the crops eligible for kcc. the scheme offers some protection to the farmers in a poor crop season. the biggest advantage of this scheme is the simplicity of the credit process. this translates into quicker and timely availability of funds for the farmers. there is minimal paperwork and documentation involved. there is a lot of flexibility in the repayment tenure of the kisan credit card loan. there is also a possibility of extending the repayment period in case of a bad crop turnout due to natural calamities. farmers are also offered subvention for timely and prompt repayments. it ensures assured availability of financial resources at affordable interest rates. it provides insurance coverage (personal accident and asset) for the recipient of the kisan credit cards. it provides facility to withdraw cash as per the farmer’s requirements.