The RBI has expressed its resolve to improve further the Kisan Credit Card plan so that farmers may get better credit facilities in the days ahead.
It is in this context that the apex bank has called upon all the banks including the cooperative banks to provide farmers immediately with smart / credit cards
The RBI has made it clear that the cards should be technologically modern and user-friendly.
According to the RBI circular, the new KCC plan is being implemented with a view to organising things so that they match the current needs and fit well with other systems.
The RBI document says there will be no limit on transactions but each card will have a credit limit. All the banks have been instructed to keep the KCC holders informed of all the necessary details including the various insurance options on offer.
