Hi Members..
We have been assigned for statutory branch audit of a rural brach which contains mostly KCC (Kisan Credit Card) for sugercane. Please tell me what are the norms for audit of KCC (Kisan Credit Card) i.e. classification as NPA, crop season for sugercane etc.
Thanks..
As far as i am concerned the norms for KCC is different. Loan will have to be repaid only after expiry of two years. Hence, NPA have to be checked only after two years
Varma Raja & Associates
Thrissur
CA Inter
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S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
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AJAY SINGH AND CO LLP
Thane
CA Final
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M N Rao & Associates LLP
Vijayawada
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CCI
Pro
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