KCC: How do farmers get low-interest loans through the Kisan Credit Card? Who can apply? Learn the complete process..

Banks and financial institutions run various schemes to provide economic support to agriculture and allied activities in India. Among these, the Kisan Credit Card (KCC) scheme is the most significant and popular. Launched by public sector banks in August 1998, this scheme provides farmers with timely credit—or loans—at low interest rates to meet their agricultural needs. Initially, its primary objective was to cover expenses related to seasonal crops; however, over time, its scope has expanded to include activities such as dairy farming, poultry, fisheries, animal husbandry, and beekeeping.

How does the Kisan Credit Card provide very low-cost loans?