OREANDA-NEWS. December 21, 2012. IDBI Bank in association with National Payment Corporation of India (NPCI) has launched the ‘Kisan Credit Smart Card’ (KCSC). KCSC is a pioneering credit delivery innovation for providing adequate and timely credit to farmers under a single window with flexible and simplified procedures. Under this facility, farmers can avail assistance to meet their credit needs for agriculture and allied activities, such as, cultivation of crops, consumption requirements of farmer household, post harvest expenditures etc.

KCSC would render the benefit of revolving cash credit facility to the farmers, allowing unlimited drawals and repayments within the credit limit. The credit limit would be fixed on the basis of operational land holding, cropping pattern and scale of finance etc. Additionally, a flexible limit upto Rs.50,000 would be provided to the marginal farmers based on their land holding pattern and crops grown by them. All eligible farmers / SHGs would be provided with a Kisan Credit Card and a pass book.

The card can be used to draw cash from any bank ATM and from a later date also for purchase of inputs like seed, fertilizer and pesticide from dealers using the POS machines.

Speaking on the occasion, Shri S.K.V. Srinivasan, Executive Director, IDBI Bank said “This initiative shall go a long way in making banking easy and bringing down the transaction cost for the farmers and serving the Indian Agricultural society at large. KCSC has been designed to financially empower the farmers and we are proud to be a part of this technological evolution. IDBI Bank believes in offering novel services to its consumers, keeping in view a holistic societal development perspective. The Bank will continue to play a pioneering role in promoting development of this great nation and its people.”