Assessing the Impact of Lending Through Kisan Credit Cards in Rural India: Evidence from Eastern India
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- Published: 01 April 2022
- Volume 35 , pages 602–622, ( 2023 )
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- Anjani Kumar ORCID: orcid.org/0000-0001-8920-6598 1 ,
- Vinay K. Sonkar 1 &
- K. S. Aditya 2
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This paper attempts to identify the determinants of access to the KCC program and empirically evaluate its impact on farmers’ use of agricultural inputs and farm household incomes in eastern India. We have also examined whether the possession of KCC reduces the farmer’s dependence for borrowing on moneylenders. The estimation is based on Coarsened Exact Matching (CEM) approach, which is an increasingly popular method of estimating causal effects. The study uses a large survey of rural/farming households in eastern India (Bihar, Eastern Uttar Pradesh, Jharkhand, Odisha, and West Bengal). Findings reveal that access to KCC is strongly associated with the socioeconomic and demographic characteristic of farming households. We find that access to KCC increases farmers’ use of the agricultural inputs and households and farm income especially for marginal and small farmers. Finally, access to KCC reduces farmer’s dependency on moneylenders for borrowing credits by 25 percent.
Cet article cherche à identifier les déterminants de l'accès au programme KCC et à évaluer de façon empirique l’impact du programme sur l'utilisation des intrants agricoles par les agriculteurs ainsi que sur les revenus des ménages agricoles dans l'Est de l'Inde. Nous avons également cherché à savoir si le fait de posséder une carte de crédit Kisan (KCC) permettait de réduire la dépendance des agriculteurs vis-à-vis des créanciers pour l’emprunt d’argent. L'estimation est basée sur la méthode d’appariement exact (Coarsened Exact Matching en anglais ou CEM), une méthode de plus en plus populaire pour estimer les liens de causalité. L'étude utilise une vaste enquête auprès des ménages ruraux/agricoles de l'Est de l'Inde (Bihar, Uttar Pradesh oriental, Jharkhand, Odisha et Bengale occidental). Les résultats révèlent que l'accès aux cartes de crédit Kisan est fortement associé aux caractéristiques socioéconomiques et démographiques des ménages agricoles. Nous constatons que l'accès aux cartes de crédit Kisan augmente l'utilisation des intrants agricoles par les agriculteurs ainsi que les revenus agricoles et les revenus des ménages, en particulier pour les agriculteurs marginaux et de petite taille. Enfin, l'accès au cartes de crédit Kisan réduit de 25% la dépendance des agriculteurs vis-à-vis des créanciers pour l’emprunt d’argent.
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Kumar, A., Sonkar, V.K. & Aditya, K.S. Assessing the Impact of Lending Through Kisan Credit Cards in Rural India: Evidence from Eastern India. Eur J Dev Res 35 , 602–622 (2023). https://doi.org/10.1057/s41287-022-00522-4
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DOI : https://doi.org/10.1057/s41287-022-00522-4
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Comprehensive Study of Kisan Credit Card at Central Bank of India-A Useful Credit Tool for Rural Development
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The Kisan Credit Card (KCC) scheme was introduced in India in 1998-1999 and has since become a flagship programme providing access to short-term credit in the agricultural sector. According to ...
The Kisan Credit Card (KCC) seeks to offer farmers with timely and appropriate funds in a flexible and cost-effective manner. The inauguration of the Kisan Finance Card Scheme is a watershed ...
The Kisan Credit Card (KCC) scheme is a multipurpose credit card program for Indian farmers, which has provisions for crop loans, consumption credit, and term credit (GoI 2017).The KCC scheme was introduced in 1998 to provide a single-window system of credit to the agricultural sector and to ensure that farmers have access to timely, hassle-free credit (Diwas et al. 2012; Kumar et al. 2011).
The overall percentage of knowledge on various aspects about KCC was recorded to be 84.30 per cent. However, overall percentage of level of utilization of KCC was noted to be 69.60 per cent among the respondents. While, the extent of satisfaction about KCC was recorded at 63.40 per cent among the respondents.
Kisan Credit Card is one of the most innovative, widely accepted, highly appreciated and non -discriminatory banking product, with the aim to finance the agricultural sector. This paper is ...
The Kisan Credit Card (KCC) scheme was introduced in India in 1998-1999 and has since become a flagship programme providing access to short-term credit in the agricultural sector. According to the Government of India, over a 100 million cards had been issued cumulatively by March 2011. Using data from 2005-2006 to 2009-2010, the article ...
JETIR1810B11 Journal of Emerging Technologies and Innovative Research (JETIR) www.jetir.org 410 Kisan Credit Card: Role, Application, and Utility ... This paper investigates the Role, application, and utility of KCC in various existing research and ultimately try to find the key benefits of KCC. ... Kisan Credit Card system in his budget ...
The Kisan Credit Card (KCC) scheme is a multipurpose credit card program for Indian farmers, which has provisions for crop loans, consumption credit, and term credit (GoI 2017). The KCC scheme was introduced in 1998 to provide a single-window system of credit to the agricultural sector and to ensure that farmers have
This research article provides a comprehensive analysis of the growth and impact of the Kisan Credit Card (KCC) Scheme, focusing on both the national level and the specific case of Himachal Pradesh. ... Kisan Credit Card (KCC) holders are also eligible for personal accident insurance, covering up to 50,000 for death and permanent disability ...
The Kisan Credit Card Scheme was introduced in India in 1998-99 has since become a áagship program providing access to short term credit in the agricultural sector. According to the Government of India, over a 100 million cards had been issued cumulatively by March 2011. Using data from 2004-05 to 2009-10, the paper critically examines the
The Kisan Credit Card (KCC) scheme is an innovative step to help Indian farmers for fulfilment of country's agricultural production needs by accessing the short term credit from the nationalized financial institutions. The KCC enables the farmers to purchase various agriculture products like seeds, pesticides, fertilizers and also facilitates for cash withdrawal to enhance the access to ...
Existing Research on the Kisan Credit Card Scheme There is hardly any doubt that KCC is the single largest government scheme to introduce short-term unsecured credit across the agricultural sector. In fact, our perceptionisthatasfarasshort-termunsecuredcreditisconcerned,thisisprobably the most ambitious scheme introduced by the Indian government.
Since the Indian government realized that farmers had a hard time getting access to credit, they implemented the Kisan Credit Card (KCC) scheme in 1998-1999. This strategy has dramatically simplified the bank loan application procedure, making it much simpler to get funds when you need them (Nahatkar et al., 2002).
IJCRT2009394 International Journal of Creative Research Thoughts (IJCRT) www.ijcrt.org 3087 Introduction Kisan Credit Card scheme was introduced in 1998-99 as a credit delivery mechanism to full fill the farmer's needs related to crop production. As a pioneering credit delivery mechanism, KCC scheme was developed to improve the
In 2001DanishFaruqui published "Kisan Credit Card" this paper specially mentions about its thought and intentions. In 2010 Samir Samantrara has focus on credit card through "Kisan Credit Card Scheme. In his paper he enlighten with three different sub-limits of credit card i.e. production, assets maintenance and consumption.
Credit from informal sources is available but with strings attached to it. Realizing this fact, Government of India in 1969 nationalized 14 major commercial banks and six more private sector banks ...
The performance of Kisan Credit Card (KCC) scheme in India has been studied by finding its share in the total amount of loan disbursed to agriculture. The flow of credit through KCCs has been investigated from three types of financial institutions, viz. cooperative banks, regional rural banks and commercial banks in terms of total loan amount, enrolement of membership and amount per card ...
IJCRT2110037 International Journal of Creative Research Thoughts (IJCRT) www.ijcrt.org a288 Performance of Kissan Credit Card Scheme in Karnataka A Case Study of Ramanagara district ... amount of finance of Kisan credit card holders vary depending upon the crops raised by them and their size of land holdings. This in turn would enhance the ...
The Kisan Credit Card (KCC) scheme implemented for fulfilling the short term credit need of farmers was assessed for its impact on non-basmati rice production in R.S. Pura block of Jammu district. The primary data were collected by interviewing the Kisan credit Card holders as well as non-holders directly through pre-tested schedule. The farmers were categorised into small, medium and large ...
a Kisan Credit Card, while the remaining 2,372 (81.9 %) did not (T able 2). These numbers These numbers depict variation across state s; Jharkhand having the highest percent age of KCC holder s ...
Internat. Res. J. agric. Eco. & Stat., 2 (2) : 324-327. Key words : KCC, Kishi Credit Card, MVP, MFC, Resource use efficiency. Kisan Credit Card scheme is a landmark in the history of rural credit in India (Jamunarani, 2009). The mechanism of credit cards has been one of the key products developed to expand the outreach of banks and simplify ...
The endeavor the present paper is study to the objective of Kisan Credit Card Scheme and its performance since its implementation. The present study is based on the secondary data collected from ...
3. Objectives/Purpose. Kisan Credit Card Scheme aims at providing adequate and timely credit support from the banking system under a single window to the farmers for their cultivation & other needs as indicated below: To meet the short term credit requirements for cultivation of crops. Post harvest expenses.