https //fasalrin.gov.in Login : PM Kisan Rin Portal Portal
The KCC ISS Portal can be accessible by farmers in any Indian state by login into its official website at https://fasalrin.gov.in/. Pradhan Mantri Fasal Bima Yojana (PMFBY) is the government sponsored crop insurance scheme that integrates multiple stakeholders on a single platform.
The Kisan Credit Card (KCC) was introduced in 1998 to provide farmers with credit for agriculture inputs and production needs. It has since expanded to include investment credit and allied activities. In 2006-2007, the Interest Subvention Scheme (ISS) began, offering KCC loans at 7% interest. ISS includes Interest Subvention (IS) and Prompt Repayment Incentive (PRI). The Modified Interest Subvention Scheme (MISS) is a variant, offering 7% interest for short-term agriculture loans up to Rs.3.00 lakh through KCC. MISS covers activities like Animal Husbandry, Dairy, and Fisheries.
KCC eligibility includes owner cultivators, tenant farmers, oral lessees, sharecroppers, and SHGs/JLGs. Credit limits are calculated based on cropping patterns and purpose. Short-term limit includes scale of finance, cultivated area, and expenses. Term loan limit considers proposed investments. The Maximum Permissible Limit (MPL) for the 5th year is the card limit. KCCs are issued by Public Sector Banks, Private Sector Scheduled commercial Banks, Small Finance Banks, PACS ceded with SCBs, RRBs, and Rural Cooperative Banks.
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How does the repayment process work for Kisan Credit Card (KCC) loans and what is the validity of a KCC?
Repayment of KCC loans is aligned with the anticipated harvesting and marketing periods for the crops for which the loan has been granted. Each withdrawal under the short-term sub-limit can be liquidated within 12 months without needing to bring the debit balance to zero.
The repayment methods include using KCC-Rupay Card while receiving payments from commission agents of Kisan Mandies, through bank branches or banking correspondents, or using hand-held machines. The term loan component is usually repayable within 5 years, with flexibility for longer repayment periods based on the type of investment.
A KCC is typically sanctioned for a 5-year period and undergoes periodic review. The review may result in continuation, enhancement, or cancellation of the facility, based on changes in cropping area, pattern, and the borrower’s performance.
What are the roles and responsibilities of different financial institutions in the Kisan Credit Card (KCC) scheme?
In the KCC scheme, various roles and responsibilities are assigned to different levels of financial institutions:
Bank Branch: The bank branch is responsible for processing KCC applications, verifying eligibility, conducting pre-sanction visits, entering application details into the portal, and disbursing funds. They also handle IS and PRI calculation and submission of claims.
Regional Office: The regional office reviews sanctioned KCC loans for adherence to scheme guidelines and verifies IS/PRI claims submitted by branches.
Zonal Office: The zonal office consolidates IS/PRI claims from regional offices, approves deviations if requested by branches, and submits claims to higher authorities.
Head Office: The head office consolidates IS/PRI claims verified by zonal auditors and submits them to the Reserve Bank of India (RBI).
Cooperative Banks: Primary Agricultural Co-operative Societies (PACS), District Central Co-operative Banks (DCCBs), and State Co-operative Banks (StCBs) have specific roles in processing, verification, consolidation, and availing refinance for KCC loans.
These roles ensure the smooth implementation, verification, and financial support of the KCC scheme.
How can a Bank HQ Admin or Bank Branch Admin create a new user on the KCC-ISS portal?
To create a new user on the KCC-ISS portal, the Bank HQ Admin or Bank Branch Admin needs to follow the steps below:
1. For creating a new branch Admin, the Bank HQ Admin should log in to the PMFBY-portal
2. For branch user creation, the Branch Admin should log in to the PMFBY-portal
3. On the User Console page of the PMFBY-portal, there will be an option to create new users
4. The Admin should provide the required details of the new user, such as Name, Designation, Official e-mail, and Mobile number.
5. After filling in the necessary information, the Admin should submit the user creation request.
