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FOREX Policy

A short-term ...

Question

A short-term loan at least interest rate was made available to the farmers through _____________.

A

Kisan Credit Card Yojna

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B

Krishak Udhyami Loan Yojana

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C

Unified Package Insurance Scheme

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D

None of these

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Solution

The correct option is A Kisan Credit Card Yojna
Kisan Credit Card Yojna was formulated to provide short term loans to farmers for agricultural needs.The loan was provided at subsidized interest rates by the government if the borrower maintained a good credit history. An additional 2% subsidy was provided if the borrower managed a sound record during the term of the loan.

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