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STATUTORY BANK AUDIT

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WHEN KISSAN CREDIT CARD SCHEME (KCC) WILL BECOME NPA?
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 the credit card account would be deemed to be a Non-Performing Asset (NPA) if it remains out of order for a period of two crop seasons / one crop season (as the case may be, depending on the duration of the crops) after the repayment due date. 
(c) The crop seasons after the due date should refer to only those two consecutive crop seasons in which the farmer usually undertakes crop production. 
(d) An account will be treated as out of order in the following circumstances: 
  • There are no credits in the account continuously for two crop seasons as on the date of balance sheet, or
  • The credits in the account are not sufficient even to cover the interest debited in respect of the account for two crop seasons, or
  • The outstanding remains continuously in excess of the limit for two crop seasons as on the date of balance sheet.


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