The Reserve Bank has revamped the Kisan Credit Card (KCC) Scheme, standardizing crop season definitions for uniform loan sanctions and repayments. Effective January, new directions aim to streamline credit support for agriculture and allied activities. Banks must waive collateral for loans up to Rs 2 lakh, with exceptions for voluntary gold/silver pledges. For loans exceeding Rs 2 lakh, banks will set collateral based on their policy.