On Friday, the State Bank of India (SBI) introduced a new feature called Kisan Credit Card Review or KCC Review option on its YONO Krishi platform. The country's largest bank said that with this added feature farmers will no longer need to travel the distance to visit the bank branch to apply for a revision in their credit card limit.
"KCC Review option on YONO Krishi will help farmers apply for the same in just 4 clicks from the comfort of their homes without any paperwork," SBI said.
Recognizing the fact that not all farmers may have access to smartphones, SBI said it has also streamlined the KCC review process at its branches.
Meanwhile, HDFC Bank launched a first-of-its-kind product for the armed forces called the 'Shaurya KGC Card' which comes with never-seen-before features and eligibility criteria specially crafted for over 45 lakh Indian armed forces personnel.
Based on the Kisan Credit Card guidelines of the government, the Shaurya KGC Card will provide the armed forces personnel with finance for agricultural requirements like production of crop, post-harvest maintenance and consumption needs. They can also avail of this funding to purchase farm machinery, irrigation equipment or construct storage structures etc.
It comes with a life cover of Rs 10 lakh as against Rs 2 lakh for an average card.