A Crop Loan, commonly known as the Kisan Credit Card (KCC) Loan, is a short-term credit facility provided to farmers to meet their cultivation and crop-related expenses. The Kisan Credit Card (KCC) scheme was introduced by the Government of India in 1998 to ensure timely and easy credit access to farmers. It is offered by banks, cooperative societies, and rural financial institutions under the regulation of the Reserve Bank of India (RBI) and NABARD.
A Farm Equipment Loan is a type of agricultural loan provided to farmers for purchasing agricultural machinery and equipment that improve productivity and reduce manual labor. These loans help in modernizing farming operations by making expensive equipment accessible through easy financing.
A Land Purchase Loan is a type of agricultural loan provided to farmers or individuals to buy agricultural land or expand existing farmland holdings. This loan enables farmers to acquire land for cultivation or investment in rural/agricultural areas. It is typically offered by banks, cooperative banks, rural banks, and government-backed institutions like NABARD under specific agricultural finance schemes.
An Irrigation Loan is a type of agricultural loan provided to farmers to help them develop, upgrade, or install irrigation systems for their agricultural land. The goal is to ensure a consistent and efficient water supply to crops, increasing productivity and reducing dependency on monsoons.
Dairy, Poultry, and Fisheries Loans are a type of agriculture and allied sector loans provided to individuals, farmers, agripreneurs, or producer groups to support activities like milk production, egg/livestock farming, and fish cultivation. These loans help in starting, expanding, or modernizing these allied farming activities. They are offered by banks, rural financial institutions, and government-backed bodies (like NABARD) under priority sector lending norms.