IDBI Bank launches ‘kisan credit smart card’

Mumbai-headquartered Public sector lender IDBI Bank has partnered with National Payment Corporation of India (NPCI) to launch the ‘Kisan Credit Smart Card’ (KCSC) to provide adequate and timely credit to farmers under a single window.

The bank in a statement said that under this facility, farmers can avail themselves of assistance to meet their credit needs for agriculture and allied activities, such as, cultivation of crops, consumption requirements of farmer household, post harvest expenditures etc, with flexible and simplified procedures.

The card can be used to draw cash from any bank ATM and from a later date also for purchase of inputs such as seed, fertiliser and pesticide from dealers using the POS machines.

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