Progress and Performance of Kisan Credit Card Scheme in Haryana

Abstract

Government of India introduced the Kisan Credit Card (KCC) scheme in the year 1998-99 to provide timely and adequate credit support to the farmers from formal banking system in a flexible, hassle-free and costeffective manner. This scheme has facilitated the availability of credit in time and has simplified the procedure for availing loan from banks to a large extent. From the year 1998-99, the scheme has implemented by public sector commercial banks, RRBs (Regional Rural Banks) and cooperative banks in the country. It has emerged as a revolutionary credit distribution system to meet the credit requirements of the farmers in a timely and easy manner.The present study has been conducted to analyses performance of the Kisan credit card scheme through Commercial and Cooperative banks in Haryana in context of KCCs issuing and amount sanctioning. The present study is based on Secondary data and data have been collected pertaining for the years 2007-08 to 2018-19. The study concludes that Commercial banks are doing quite well in fulfilling the objectives of the scheme, and serving the farmers to fulfill their crop loan demands while the growth performance of Co-operative banks has not been satisfactory in issuing cards and amount sanctioning.