SBI Kisan Credit Card: Bank Launches YONO Agricultural Review
SBI Kisan Credit Card: Bank launches YONO agricultural review, all these facilities will be available in just four clicks. State Bank of India (SBI) has introduced the KCC (Kisan Credit Card) review option on its digital agriculture solution platform, YONO Krish, which will enable farmers to use their KCC limit in four clicks.
SBI said in a statement that with this additional facility, farmers will not have to go to the bank branch to apply for changes in their KCC limit. The bank said in a statement that the review of KCC on Yono Agriculture is expected to benefit more than 75 lakh farmers who have KCC accounts with SBI.
The facility of paperless KCC review will not only help farmers avoid the cost and hassle involved in applying for a change of KCC limit, but will also speed up the process especially for them during the harvesting season.
According to the Reserve Bank of India, the KCC scheme has been designed in such a way that farmers can get adequate and timely loans from the banking system under a single system with a flexible and easy process for their farming and other needs.
The scheme helps farmers to meet short term requirements for the cultivation of crops. Also helps meet post-harvest expenses, production of marketing loans, consumption needs of farmer families, working capital for maintenance of the agricultural property, and activities related to agriculture and investment credit for agriculture and allied activities.
YONO Agriculture has four offering sections, viz. Account, Savings (Financial Super Store for investment and insurance needs of farmers), Mitra (Agricultural Advisory Services), and Mandi (Online market place and agricultural equipment for purchasing agricultural inputs). Are included. Due to all the farmers not having smartphones, SBI said that it has also corrected the KCC review process at its branches.
