Question
Q76. Under the Kisan Credit Card scheme, short-term credit support is given to farmers for which of the following purposes?
1. Working capital for maintenance of farm assets
2. Purchase of combine harvesters, tractors and mini trucks
3. Consumption requirements of farm households
4. Post-harvest expenses
5. 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, 3,4 and 5
Answer: B
Detailed Explanation
• The Kisan Credit Card scheme is a Government of India scheme which provides farmers with timely access to credit.
• The Kisan Credit Card (KCC) scheme was launched in 1998 with the aim of providing short-term formal credit to farmers and was created by NABARD (National Bank for Agriculture and Rural Development).
• Kisan Credit Card (KCC) scheme meets the financial requirements of farmers at various stages of farming.
• The scheme aims at providing adequate and timely credit support
from the banking system under a single window with flexible and simplified procedure to the farmers for their cultivation and other needs as indicated below:
o To meet the short-term credit requirements for cultivation of crops;
o Post-harvest expenses;
o Produce marketing loan;
o Consumption requirements of farmer household;
o Working capital for maintenance of farm assets and activities allied to agriculture;
o Investment credit requirement for agriculture and allied activities.
• Eligibility
o All Farmers – Individuals / Joint borrowers who are owner cultivators
o Tenant Farmers, Oral Lessees & Share Croppers
o Self Help Groups (SHGs) or Joint Liability Groups of Farmers including tenant farmers, share croppers etc.
