The Reserve Bank of India vide notification dated September 02, 2022 has launched a pilot project for end-to-end digitalisation of Kisan Credit Card (KCC) lending, developed by the Reserve Bank Innovation Hub (RBIH). The pilot will commence in September 2022 in select districts of Madhya Pradesh and Tamil Nadu with Union Bank of India and Federal Bank, respectively, as partner banks and with active cooperation of the state governments.
Based on the learnings from the pilot, it is planned to expand the digitalization of KCC lending to other districts in these two states and gradually across the country.
