Adequacy Rate of Kisan Credit Card Scheme: An Empirical Study in the Budaun District of Uttar Pradesh (India)

Abstract

The Kisan Credit Card (KCC) scheme intends to provide farmers with timely and sufficient credit in a cost-effective and flexible manner. Credit availability is a critical factor for boosting the agricultural sector’s performance and output. The study was carried out in the Budaun district of Uttar Pradesh (India) to determine the adequacy rate of the KCC scheme and its effectiveness in meeting the credit needs of farmer households. The research design used in the present research was Descriptive & Exploratory in nature which aims to determine the adequacy rate of credit under the KCC scheme. In the present study, the Stratified Random Sampling technique is used, which comes under the probability sampling techniques. The present study reveals that an adequate amount of credit is available to beneficiary farmers under the KCC scheme to fulfil their credit requirements. The study also reveals that the adequacy of credit has a significant impact on loan purpose(s) under the KCC scheme to beneficiary farmers. Very few research studies have been conducted on the adequacy rate of the credit available to farmer households under the KCC scheme and how much this scheme succeeds in providing an adequate amount of credit to farmer households. This study will be significantly important in taking necessary measures for the effective distribution of schemes like KCC scheme.