International Journal For Multidisciplinary Research

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Challenges and Successes in Implementing the Kisan Credit Card Scheme: A Comparative Study among the Beneficiary Farmers of Punjab and Haryana

Author(s) Kanupriya Kaushik, Dr. Seema Sharma
Country India
Abstract This study aims to comparatively evaluate the impact of the Kisan Credit Card (KCC) scheme on the financial security and agricultural output of beneficiary farmers in Punjab and Haryana, identify the implementation challenges faced by beneficiary farmers, and recommend policy changes to improve its effectiveness and inclusiveness. This study adopted a descriptive research approach, relying on a survey-based quantitative research design to comparatively assess the successes and challenges faced by a group of 200 randomly selected farmers, taking 100 farmers from among the beneficiary farmers in both states. Using a paired sample t-test, the statistical analysis found a more profound positive impact of success dimensions, improved crop production (t=-2.64, p=.011), crop storage capacity (t=-8.90, p=.000), resource management (t=-4.54, p=.000), and relief of financial and psychological stress, among the beneficiary farmers of Haryana. In terms of improved socioeconomic conditions, farmers in Punjab (mean = 4.29) were slightly more satisfied than farmers in Haryana (mean = 4.13), but the difference was not significant (t=1.83, p=.069). Despite these achievements, the implementation of the KCC scheme also posed significant challenges to the beneficiary farmers, for which some policy changes are recommended by the researcher. This study contributes to the theoretical understanding of agricultural credit schemes by highlighting the differential impacts of policy implementation across states in different socio-economic contexts. It also provides practical insights for policymakers and financial institutions to design region-specific strategies that address farmers’ unique challenges and priorities.
Keywords Rural Credit Policy; Agricultural Financing; Kisan Credit Card; KCC Scheme; KCC Implementation in Punjab; KCC Implementation in Haryana.
Field Sociology > Economics
Published In Volume 7, Issue 1, January-February 2025
Published On 2025-01-16
Cite This Challenges and Successes in Implementing the Kisan Credit Card Scheme: A Comparative Study among the Beneficiary Farmers of Punjab and Haryana - Kanupriya Kaushik, Dr. Seema Sharma - IJFMR Volume 7, Issue 1, January-February 2025. DOI 10.36948/ijfmr.2025.v07i01.34941
DOI https://doi.org/10.36948/ijfmr.2025.v07i01.34941
Short DOI https://doi.org/g82gt4

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