Utilization Pattern of Kisan Credit Card Scheme in Mansa District of Punjab

Agribusiness is the primary source of income for the majority of people in our nation.Growing the productivity of the agriculture sector has been made possible in large part by institutional finance.In Mansa district, Punjab, from 2010-11 to 2020-2021, a study was conducted to ascertain the credit consumption trend of the Kisan credit card.The information gathered from 60 KCC and 60 Non-KCC holders who were chosen from the study region and interviewed using a pre-tested, well-structured questionnaire for the year 2020-2021 served as the study's foundation.This study's primary goal is to assess the utilization pattern of Kisan credit card of the farmers.According to the findings, of the sixty farmers who received the credit, only 30 per cent fully utilized the credit, 33.33 per cent partially utilized the credit and 36.67 per cent totally misutilized the credit.The primary cause of credit misusage by KCC holders was discovered to be social ceremonies, which accounted for 22.73 per cent of total expenses.To summarize, the majority of the total funds obtained in Punjab under the KCC plan were not utilized for the purposes of crop production and other farming-related needs for which the loan was originally meant.