Q66. Under the Kisan Credit Card Scheme, short-term credit support is given to farmers for which of the following purposes?
- Working capital for maintenance of farm assets
- Purchase of combine harvesters, tractors, and mini trucks
- Consumption requirements of farm households
- Post-harvest expenses
- Construction of family house and setting up of village cold storage facility.
Select the correct answer using the code given below:
(a) 1, 2 and 5 only
(b) 1, 3 and 4 only
(c) 2, 3, 4 and 5 only
(d) 1, 2, 3 and 4
Answer: B
- The Kisan Credit Card scheme was introduced in 1998 is a Government of India scheme which provides farmers with timely access to credit. The scheme was launched with the aim of providing short-term formal credit to farmers and was created by NABARD (National Bank for Agriculture and Rural Development). The scheme was further extended in the year 2004 for the investment credit requirement of farmers viz allied and non-farm activities. The Kisan Credit Card Scheme is implemented by
Commercial Banks, RRBs, Small Finance Banks and Cooperatives. The KCC scheme was introduced to ensure that the credit requirements for farmers in agriculture, fisheries and animal husbandry sectors were being met. - Kisan Credit Card is provided with the following objectives:
- The short-term credit requirements for the cultivation of crops
- Post-harvest expenses
- Produce marketing loan
- Consumption requirements of farmer household
- Working capital for maintenance of farm assets and activities allied to agriculture, like dairy animals, inland fishery, etc.
- Investment credit requirement for agriculture and allied activities like pump sets, sprayers, dairy animals, etc.
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