Vol. 12, Issue 5 (2023)

Author(s):
Venkatesa Palanichamy N, Kamuvalentina A, Kalpana M and Balakrishnan N

Abstract:
Kisan card boosts the farming industry and increases resource production. In order to guarantee that farmers in India have access to credit facilities on time, the government and higher financial institutions, such as NABARD and the Reserve Bank of India, have adopted numerous credit regulations and schemes. The Kisan Credit Card (KCC) program is one of such as well. An investigation into farmers' perceptions of KCC and their degree of understanding was carried out in the Tamil Nadu district of Coimbatore. According to research, 87.00% of respondents had positive opinions overall about the program, and among them, 60% of participants stated it was very beneficial. Just 30.16 percent of participants claimed that the loan on the warehouse helped them get through the difficult transaction. Ninety-eight percent of the sample as a whole said they didn't find the insurance useful, and twenty-six percent said they had issues with the KCC program because of the shorter repayment time.