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Recent Current Affairs related to KCC

4 News
29 July 2026 NATIONAL

Maharashtra has become the first state to qualify for the second installment of funds under the Rashtriya Krishi Vikas Yojana (RKVY).

Union Minister Shivraj Singh Chouhan chaired a review meeting to assess the utilization of funds. The Government of India (GoI) had released ₹335 crore as the first installment, of which Maharashtra utilized ₹260 crore, exceeding the mandatory 75% utilization benchmark required for the release of the second installment.

28 July 2026 BANKING

The Department of Land Resources (DoLR) under the Ministry of Rural Development (MoRD) held a meeting with the Reserve Bank of India Innovation Hub (RBIH) to explore the integration of Digital Public Infrastructure (DPI) for land governance and digital lending.

The initiative aims to create a secure land-credit ecosystem to improve institutional credit access for farmers and rural citizens. The meeting was chaired by DoLR Secretary Narendra Bhooshan and RBIH CEO Sahil Kini.

30 June 2026 BANKING

The RBI has revamped the Kisan Credit Card (KCC) scheme by standardizing the definition of crop seasons to ensure uniform loan processing and repayment. The 'KCC Directions, 2026' will be applicable to all loans sanctioned under the scheme from January 2027.

The objective of these directions is to establish a framework for providing adequate and timely credit support through the banking system to meet the working capital and investment credit requirements of borrowers engaged in agriculture and allied activities.

25 June 2026 BANKING

The RBI has directed banks to exempt agricultural and allied sector loans up to ₹2 lakh per borrower from collateral security and margin requirements under the updated guidelines of the Kisan Credit Card (KCC) scheme.

Furthermore, the voluntary pledge of gold and silver as collateral for agricultural loans up to the collateral-free limit of ₹2 lakh will not be considered a violation of the guidelines on collateral-free lending.

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