What is Kisan Rin Portal?

About Kisan Rin Portal:

• The portal helps farmers avail of subsidised loans under the Kisan Credit Card (KCC).
• It was developed in collaboration with multiple government departments.
• It offers a comprehensive view of farmer data, loan disbursement specifics, interest subvention claims, and scheme utilisation progress.
• It fosters seamless integration with banks for more focused and efficient agriculture credit.

Key Facts about the Kisan Credit Card (KCC):

• The Kisan Credit Card (KCC) scheme was introduced in 1998 to issue KCC to farmers on the basis of their holdings for uniform adoption by the banks so that farmers may use them to readily purchase agriculture inputs such as seeds, fertilisers, pesticides, etc and draw cash for their production needs.
• It was developed by NABARD (the National Bank for Agriculture and Rural Development), 
• The scheme was further extended for the investment credit requirement of farmers, allied and non-farm activities, in the year 2004. 
• The scheme was further revisited in 2012with a view to simplify the scheme and facilitate the issue of Electronic Kisan Credit Cards. 
• Applicability:  It is to be implemented by Commercial Banks, RRBs, Small Finance Banks and Cooperatives.
• Objective: Aims at providing adequate and timely credit support from the banking system under a single window with a flexible and simplified procedure to the farmers for their cultivation and other needs as indicated below:
  • To meet the short-term credit requirements for the cultivation of crops;
  • Post-harvest expenses;
  • Produce marketing loan;
  • Consumption requirements of farmer household;
  • Working capital for maintenance of farm assets and activities allied to agriculture;
  • Investment credit requirement for agriculture and allied activities.
• Eligibility:
  • Farmers - individual/joint borrowers who are owner cultivators;
  • Tenant farmers, oral lessees & share croppers;
  • Self Help Groups (SHGs) or Joint Liability Groups (JLGs) of farmers, including tenant farmers, share croppers etc.;
• Features:
  • Banks provide single credit facility/ term loans to farmers.
  • Farmers can take a loan of up to Rs 3 lakh in the scheme.
  • Farmers having KCC credit are covered under personal accidental insurance up to Rs 50,000 for permanent disability and death and up to Rs 25,000 for other risks. 
  • Quantum of loan for the 1st year under this scheme is assessed on the basis of the cost of cultivation, post-harvest expenses and farm maintenance cost.
  • For the subsequent 5 years, the loan will be sanctioned on the basis of the increase in the scale of finance.
  • The long-term loan limit is based on the proposed investments during the five-year period and the bank’s perception of the repaying capacity of the farmer.
  • The repayment period is decided on the basis of the harvesting of the crop and its marketing period.
  • Banks will not seek security on loans up to Rs. 1.60 lakh.
  • The validity of KCC is for 5 years.