Rupay card for crop loans

     Written by : SMTV24x7 | Mon, May 29, 2017, 12:54 PM

Rupay card for crop loans

Hyderabad, May 29: There is a serious delay in distributing 'Rupay Kisan Credit Card' (KCC) to farmers. The District Co-operative Bank (DCCB) is not working on this issue and the poor farmers do not get these cards.

Recently, NABARD has ordered cooperative banks to give crop loans fro the farmers if they get Rupay card. The central government has ordered cooperative banks to release rupee cards to get the digital payments at the village level.

The deadline of to get the Rupay card initially in March 2017,

This time, Nabard has extended the deadline until June.There are 10 lakh farmers' accounts in Telangana DCCB.

If they extend the date but the issuing the Rupay card still delay in the process, So far 7.75 lakh cards have been sent to the Telangana State Cooperative Apex Bank, DCCB, whereby the DCCB Bank has got 2.50 lakh cards.

Whether it will complete the distribution of cards across the next month?. We have to see.

Check For the bogus accounts: if the rupee cards are distributed to a hundred percent, it is possible to block the bogus borrowers from cooperative banks in the name of farmers.

The designer acts as an ATM card. The Credit Card Account and Savings Bank Account are linked to this card. The farmers do not get the money directly in the bank without lending.

The designer was registered with the name of the farmer and the pin number was certified to be certified by the farmers directly.