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Question

Kisan Credit Card scheme was introduced in 1998 with the aim to provide adequate and timely short-term credit needs of farmers during the cropping season. Under KCC scheme, credit is provided to farmers for which of the following purposes:

Code:


A

1 only

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B

2,3 and 5 only

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C

1,2,3 and 4 only

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D

All of these

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Solution

The correct option is D

All of these


Marginal farmers, share croppers, oral lessee and tenant farmers are eligible to be covered under the scheme. The main objectives of the scheme are to meet the short term credit requirements for 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, diary animals, etc.

KCCs have now been converted into Smart Card cum Debit Cards to facilitate their operation through ATMs


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