Question

Which of the following schemes are aimed at improving financial inclusion in agriculture?
$1$. Pradhan Mantri Fasal Bima Yojana
$2$. Interest Subvention Scheme
$3$. Kisan Credit Card
Select the correct option using the codes given.

• A. $3$ only
• B. $1$ and $3$
• C. $2$ and $3$
• D. $1,2$ and $3$

Answer 1

The correct option is D $1,2$ and $3$

Pradhan Mantri Fasal Bima Yojana - It aims to improve financial inclusion by providing insurance coverage and financial support to the farmers in the event of failure of any of the notified crop as a result of natural calamities, pests & diseases.

Interest Subvention Scheme - to make available at ground level, agricultural credit for Short Term crop loans at an affordable rate to give a boost to agricultural productivity and production in the country. It too aims for financial inclusion.

Kisan Credit Card - Agriculture loans are provided against Kisan Credit Cards at a reasonable rate to farmers which will help in their financial inclusion.