~ 698 ~ International Journal of Research in Agronomy 2024; 7(3): 698-702 E-ISSN: 2618-0618 P-ISSN: 2618-060X © Agronomy www.agronomyjournals.com 2024; 7(3): 698-702 Received: 07-12-2023 Accepted: 14-02-2024 Amalendu Kumar Assistant Professor, Department of Agricultural Economics, Tirhut College of Agriculture, Dholi, Dr. Rajendra Prasad Central Agricultural University, Pusa, Bihar, India Nihar Amar Rath Tirhut College of Agriculture, Dholi, Dr. Rajendra Prasad Central Agricultural University, Pusa, Bihar, India RS Singh Tirhut College of Agriculture, Dholi, Dr. Rajendra Prasad Central Agricultural University, Pusa, Bihar, India Corresponding Author: Amalendu Kumar Assistant Professor, Department of Agricultural Economics, Tirhut College of Agriculture, Dholi, Dr. Rajendra Prasad Central Agricultural University, Pusa, Bihar, India Impact of Kisan credit card on farm productivity and farmer’s economy in Odisha: An empirical evaluation Amalendu Kumar, Nihar Amar Rath and RS Singh DOI: https://doi.org/10.33545/2618060X.2024.v7.i3i.526 Abstract Kisan Credit Card Scheme (KCC) was initiated in August 1998 by NABARD. At present it is implemented by three organizations namely commercial banks, cooperative banks and regional rural banks. KCC is a form of revolving cash credit facility that enables farmers to withdraw and repay funds to meet their various credit requirements. The KCC is helpful in strengthening relationship between financial institutions and agricultural producers. The sanctioned amount under KCC was increased from Rs 8582.00 crores in 2008-09 to Rs 501192.00 crores up to march 2023 in the country. In Odisha presently about 96.76 lakh KCC have been issued with sanctioned amount of Rs 446.89 crores by cooperatives, commercial banks and regional rural banks. Though in Odisha there are 78,60,651 registered farmers as per agricultural action plan 2019-20 and out of it only 31,56,838 farmers (40.16%) were issued KCC across the state since its inception. Since inception to till date, many farmers were benefited from the scheme and it is the time to access the impact on farmers in Odisha. In this background present paper constructed with broad objectives i.e. to access the extent of KCC fund utilized by the respondent and to evaluate the socio-economic impacts of KCC scheme in the sampled areas. A total of 160 (comprising 80 from KCC beneficiaries and 80 from Non KCC) households selected through stratified random sampling technique formed the sampled size. The data were collected through a well-structured questionnaire during the year 2021-2022.The study finds that KCC beneficiaries were more advantageous position in way of leaving, use of modernize agriculture, avail good education, health, service in tertiary sector with compared to non KCC beneficiaries. Lead banks of the districts may give emphasis on popularization, motivation and adoption of the scheme by a large number of farmers in sampled areas to increase farm productivity, farmers income and socio- economic condition. Keywords: Kisan credit card, farmer, economy, empirical, evaluation, Odisha Introduction The Kisan Credit Card Scheme (KCC) was initiated in August 1998 by NABARD. After that revision in KCC Scheme was made in the form of smart card, debit card and is implemented during April 2012. This revision was carried out by T. M. Bhasin, MD and Chairman of Indian Bank. In January 2013, the NABARD created a specialized project unit known as Kisan Credit Card (SPUKCC). As per the data collected from authenticated source, till the end of 2022–2023, banks across the nation issued over 1156.80 lakh KCC and sanctioned Rs.501192.00 crores. Presently in the country three agencies i.e. commercial banks which have issued a large number of KCCs with sanctioned amount of Rs. 502.91 lakhs (about 43.47%) up to march 2023 followed by Co-operative Banks with Rs. 477.87 lakhs (about 41.30%) and RRBs with Rs 176.02 lakhs (about 15.21%). If we compared in between 2008-09 to 2022-23 the commercial banks sanctioned about hundred times of the amount during 2008-08 followed by regional rual banks about 15 times and cooperatives only 43 percent. But in Odisha cooperative performed better durind referred period. In Odisha during financial year 2017-18 about 96.76 lakh KCC have been issued with financial sanctioned amount Rs 446.89 crores. In total sanctioned amount cooperatives constituted around 55.68 percent followed by commercial banks about 27.74 percent and Regional Rural Banks 16.58 percent. Co-operative banks are most common and larger distributer and sanctioned of KCC amount due to better performance and working in the state.