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Short term crop loans eligible for interest subvention scheme are to be extended only through Kisan Credit Card: RBI

February 27, 2020
RBI has issued an advisory to all public and private sector Banks to extend benefits of Interest Subvention (IS) and Prompt Repayment Incentive (PRI) for short term crop loans only through Kisan Credit Card (KCC) w.e.f. 1 Apr 2020. The existing Short Term Crop Loans which are not extended through KCC shall be converted to KCC loans by Mar 31, 2020, Accordingly, reimbursement of interest subvention for Short Term Crop Loans through non-KCC accounts shall not be considered beyond Mar 31, 2020
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