Banks told to give farmers smart cards

The Reserve Bank of India has asked commercial banks, regional rural banks and cooperative banks to issue smart cards/ debit cards to farmers under the revised Kisan Credit Card (KCC) scheme so that they can access credit with ease. 

The RBI has announced a new KCC scheme based on the recommendations of a working group headed by Mr T.M. Bhasin, Chairman and Managing Director, Indian Bank.
The Scheme aims at providing adequate and timely credit for the comprehensive credit requirements of farmers under single window, with flexible and simplified procedure, adopting whole farm approach, including the short-term credit needs and a reasonable component for consumption needs, through Kisan Credit Card.
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