WiseBank Enterprise KCC Solution - A smart solution for KCC
Kisan Credit Card (KCC) is a prominent financial scheme designed by NABARD to facilitate co-operative banks and agricultural societies to promote agricultural credits among farmers. Introduced 1998, the KCC has become cornerstone of rural credit mechanism which helps farmers to avail the credit in due time and free themselves from obnoxious local money lenders. The scheme has been revised several times from inception to include short term and long term credit requirements, post-harvest expenses, insurance coverage, investment requirements for cultivation of the various agricultural crops by the farmers across India. To implement the scheme successfully, financial institutions need smart software solution which is both feature rich and extensible for future needs.
The smart KCC software solution needs to address following requirements
- Design the complex KCC scheme by incorporating multifaceted rules and guidelines prescribed by NABARD
- Smart management of total credit requirements of the members of the PACS
- Integration with financing banks - DCCB/PSU Banks
- Adaptable to state-specific KCC requirements
- Disbursement and repayment of the credit through various channels including teller, ATM/Debit Cards, and POS
- NPA processing of both types of credits (Short term and Long term)
- Interest subvention processing
- Intelligent MIS
Benefits
Powered with Intelligent parameters and fluid user interfaces, WiseBank Enterprise KCC solution addresses the complexities of designing the KCC scheme with finesse and empowers the societies to implement the scheme by conforming the statutory guidelines.
