Vol. 11, Special Issue 1 (2022)

Author(s):
DK Singh, Aashish Gole, Neelu Vishwakarma and Akshata Tomar

Abstract:
Kisan Credit Card (KCC) scheme was a step towards facilitating the access to Short Term (ST) credit for the borrowers from the financial institutions. Many financing agencies reported a poor recovery in respect of Kisan Credit Card users due to certain problem faced by the beneficiaries. Study identifies constraints faced by farmers in KCC based on 120 samples selected from Jabalpur district of the region. Study found high cost involved in obtaining credit, lack of credit disbursement in time and inadequacy of loan as major problems faced by the farmers. Farmers opined that ease in recovery process, rate of interest in time and easy banking process may promote institutional credit. Farmers wished that the loan should be provide as per the need of farmers in KCC scheme.