Performance Evaluation and Future Trend Analysis of the Kisan Credit Card Scheme in Himachal Pradesh, India

Tikam Ram; O.P. Verma

doi:10.36948/ijfmr.2026.v08i03.79490

Performance Evaluation and Future Trend Analysis of the Kisan Credit Card Scheme in Himachal Pradesh, India

Author(s)	Mr. Tikam Ram, O.P. Verma
Country	India
Abstract	Agriculture is the primary occupation of the people of Himachal, supporting the livelihood of rural people and contributing significantly to employment and state income. In recent years, institutional agricultural finance has gained importance in improving farmers’ access to timely credit facilities. Among the major initiatives introduced for this purpose, the Kisan Credit Card (KCC) Scheme has emerged as an effective mechanism for providing short-term agricultural finance to cultivators, especially small and marginal farmers. The proposed study evaluates the performance and future growth trend of the KCCs in Himachal Pradesh from 2020–21 to 2024–25. The study is based entirely on secondary data collected from reports of RBI, SLBC Himachal Pradesh, NABARD, government publications, and banking statistics. Various analytical tools, such as percentage analysis, annual growth rate, CAGR, mean, standard deviation, and trend analysis, have been used to examine the progress of operative KCC accounts and outstanding credit amount. The findings reveal that the Kisan Credit Card (KCC) scheme has shown overall growth in Himachal Pradesh from 2020-21 to 2024-25. The CAGR of beneficiaries was 5.19 per cent, while the CAGR of outstanding amount was 8.37 per cent, showing increasing use of institutional agricultural credit by farmers. The analysis also indicates that the KCC scheme improved farmers’ access to formal banking services and reduced dependence on informal borrowing sources. Future trend till 2029-30 also estimates continued growth in both KCC coverage and agricultural credit utilisation in HP. However, limited awareness, procedural complexities, and unequal regional outreach still affect the effective implementation of the scheme. The research study recommends stronger awareness programmes, simplified banking procedures, and improved institutional support to strengthen the overall outcome of the scheme in rural areas.
Keywords	Kisan Credit Cards (KCCs), Agricultural Credit, Institutional Finance, CAGR, Rural Banking, Himachal Pradesh (H.P)
Field	Sociology > Banking / Finance
Published In	Volume 8, Issue 3, May-June 2026
Published On	2026-05-26
DOI	https://doi.org/10.36948/ijfmr.2026.v08i03.79490

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Performance Evaluation and Future Trend Analysis of the Kisan Credit Card Scheme in Himachal Pradesh, India

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