Under revised Kisan Credit Card (KCC) Scheme issued by Reserve Bank of India (RBI) and National Bank for Agriculture and Rural Development (NABARD), withdrawal through ATM/Debit Cards has been allowed as one of the delivery channels for the drawal of the drawing limit for the current season/year. The Government has been closely monitoring the progress of conversion of Kisan Credit Cards (KCCs) to RuPay ATM cum Debit Kisan Credit Cards (RKCCs). The Government has now decided that NABARD will coordinate the conversion of operative/live KCCs into RKCCs by Cooperative Banks and Regional Rural Banks (RRBs) in a mission mode. Conversion of KCCs into RKCCs will facilitate the farmers in undertaking financial transactions on digital platform. The use of RKCCs may increase the frequency of funds accessed by the farmer as there will be ease in withdrawing cash as and when required. This periodic withdrawal of small amounts will help in reducing the interest burden on the farmers and enable them to access credit as per their needs.

This was stated by Shri Santosh Kumar Gangwar, Minister of State in the Ministry of Finance in written reply to a question in Rajya Sabha today.

Conversion of Kisan Credit Cards to RuPay debit cards expands ATM withdrawal access and supports periodic, need based farmer credit use. Conversion of Kisan Credit Cards into RuPay ATM cum Debit Kisan Credit Cards is being implemented to introduce ATM/debit withdrawals as a delivery channel, with Cooperative Banks and Regional Rural Banks required to convert operative KCCs in a mission mode to increase digital transaction access, enable periodic small withdrawals aligned to farmers' needs, and help reduce their interest burden.