India, Feb. 1 -- The Kisan Credit Card (KCC) Scheme was introduced to provide adequate and timely credit to farmers for their agricultural operations.

It comes with an interest subvention of 2% and Prompt Repayment Incentive of 3% to the farmers, thus making credit available to them at a very subsidized rate of 4% per annum.

The scheme was introduced initially in 2004 and saw a revise in 2012 to simplify the scheme and the issuing of Electronic Kisan Credit Cards.

Farmers who are either individual or joint borrowers and who are owner cultivators, tenant farmers, oral lessees, and share croppers are all eligible.

Apart from this, Self Help Groups (SHGs) or Joint Liability Groups (JLGs) of farmers including tenant farmers, share cropper...