Axis Bank with RBI Innovation Hub collaborated together Kisan Credit cards and MSME loans

Axis Bank with RBI Innovation Hub Axis Bank, one of the largest private sector banks of India had launched 2 products named Kisan Credit Cards (KCC) for Agricultural Growth & Unsecured MSME Loans for Business Growth in collaboration with RBI Innovation Hub (RbIH), powered by the public tech platform for Frictionless Credit (PTPFC). Both products are offered in a completely digital manner and require no submission of documents by the customer. As a pilot, Kisan Credit Cards will be offered in the Madhya Pradesh government which will be available to customers for up to ₹1.6 lacks to start with.

Axis Bank with RBI Innovation Hub

Initiative	Kisan Credit Cards (KCC)	Unsecured MSME Loans
Purpose	Agricultural Financing	Business Growth Support
Platform	PTPFC Platform	PTPFC Platform
Initial Rollout Region	Madhya Pradesh	Nationwide
Maximum Credit Limit	Up to Rs 1.6 lakh	Up to Rs 10 lakh
Target Customers	Agricultural community	Micro, Small, and Medium Enterprises
Application Process	Fully Digital	Fully Digital
Documentation Requirement	No Physical Documents Required	No Physical Documents Required

In the significant event, the Axis Bank had come together in partnership with RBI for the introduction of 2 products one for farmers and the other for small-scale businesses powered by the Public Tech Platform for Frictionless Credit (PTPFC), an initiative launched by RBIH. As the pilot project, KCC will be offered in one state named the MP catering to the agricultural community of the region where eligible customers will be able to access KCCs with a credit limit of up to Rs 1.6 lakh, where on the other hand for MSME Eligible customers will be able to access KCCs with a credit limit of up to Rs 10 lakh. Both process is online and required no paperwork.

Axis Bank with RBI Innovation Hub collaboration

https://www.bankbazaar.com/kisan-credit-card.html