Evaluation of Kisan Credit Card Scheme in India with Special Reference to Himachal Pradesh

Abstract

The government of India has been launching several schemes for providing credit inthe rural and the urban area of the country. Kisan Credit Card (KCC) has now been considered as one of the very important medium of short-term credit for agriculture. The KCC scheme was introduced in India since 1998-99. 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 an innovative credit distribution system to meet the credit requirements of the farmers in a timely and easy manner. The present paper is aimed to study the shifting agricultural credit scenario through Kisan Credit Card Scheme in India.The study is empirical in nature and secondary data have been used to accomplish the objectives.The information regarding the perception of beneficiaries of KCC Scheme has been collected through schedule. In order to examine the perception of beneficiaries towards the credit scenario through KCC, Percentage, CAGR, Mean, standard deviation, variance and standard error of Skewness have been applied.The performance of KCC in the study area has witnessed an increase in number of beneficiaries in India in term of amount sanction under KCC Scheme is Rs. 7548 Corer in 1998-99 to Rs. 126280 Corer in 2012-13.