RBI Introduces Flexi Kisan Credit Card Up to Rs 50,000 for Marginal Farmers The Reserve Bank of India (RBI) has launched revised guidelines for the Kisan Credit Card (KCC) Scheme, aimed at enhancing agricultural credit delivery through Rural Co-operative Banks (RCBs). The updated framework, effective from January 1, 2027, introduces several reforms, including the Flexi KCC, expanded digital banking access, and support for technology-driven farming practices. These changes are designed to address the evolving credit needs of farmers, particularly marginal and small-scale cultivators. A central feature of the revised scheme is the Flexi KCC, which allows eligible marginal farmers to access credit limits ranging from Rs 10,000 to Rs 50,000. This flexibility is based on the bank’s assessment of the farmer’s farming activities, household needs, and allied income sources, rather than the value of their landholding. This shift aims to provide more tailored financial support, ensuring that farmers with smaller land areas can still access adequate credit for their operations. The revised framework also introduces a six-year composite KCC facility that integrates financing for multiple aspects of agricultural activities. This includes crop cultivation, allied activities such as livestock rearing and dairy production, household consumption needs, post-harvest expenses, insurance premiums, and investments in farm equipment. Additionally, the scheme now covers expenses related to modern agricultural practices, such as drone-based crop surveys and spraying, satellite-based crop monitoring, weather advisory services, soil testing, digital agriculture platforms, and organic certification. These measures are intended to promote sustainable and tech-enabled farming methods.#digital_banking #reserve_bank_of_india #kisan_credit_card #rural_cooperative_banks #flexi_kcc
