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Indian Rural Credit

Which scheme ...

Question

Which scheme provides adequate and timely support from the banking system to the farmers for their cultivation needs in a flexible manner?

A

KMC

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B

KMM

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C

KBC

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D

KCC

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Solution

The correct option is D
KCC

The Kisan Credit Card (KCC) scheme is a credit scheme introduced in August 1998 by Indian banks. Its objective is to meet the comprehensive credit requirements of the agriculture sector by giving financial support to farmers. Participating institutions include all commercial banks, Regional Rural Banks, and state co-operative banks. The scheme has short-term credit limits for crops and term loans.

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Which scheme provides adequate and timely support from the banking system to the farmers for their cultivation needs in a flexible manner

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:

1,2,3 and 4 only
1 only
2,3 and 5 only
All of these

Why has rural banking not been able to give adequate credit to farmers?

Q. Consider the following statements about Kisan Credit Card (KCC) scheme:
1. It aims at providing adequate and timely credit support from the banking system under a single window to the farmers.
2. It is to be implemented by RRBs only
3. Tenant farmers are not eligible under the scheme.
Which of the above statement(s) is/ are correct?

किसान क्रेडिट कार्ड (KCC) योजना के संदर्भ में निम्नलिखित कथनों पर विचार करें:
1. इसका उद्देश्य बैंकिंग प्रणाली से किसानों को एकल खिड़की के तहत पर्याप्त और समय पर ऋण सहायता प्रदान करना है।
2. इसे केवल आरआरबी द्वारा लागू किया जाना है।
3. पट्टाधारी किसान योजना के तहत पात्र नहीं हैं।
ऊपर दिए गए कथनों में से कौन सा सही है/हैं?

In India, about 80 per cent of farmers are small farmers, who need credit for cultivation.

(a) Why might banks be unwilling to lend to small farmers?

(b) What are the other sources from which the small farmers can borrow?

(c) Explain with an example how the terms of credit can be unfavourable for the small farmer.

(d) Suggest some ways by which small farmers can get cheap credit.

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