BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Almost all banks in our country have introduced facility for granting crop loans to farmers.
A
Term Loans
B
Kisan Credit Cards
C
Bank Guarantee
D
Foreign Exchange
Explanation: 

Detailed explanation-1: -NABARD IN NEWS The model of KCC scheme was prepared by NABARD (National Bank for Agriculture and Rural Development) that met the recommendations of RV Gupta Committee.

Detailed explanation-2: -The Kisan Credit Card (KCC) scheme was introduced in 1998 for issue of Kisan Credit Cards to farmers on the basis of their holdings for uniform adoption by the banks so that farmers may use them to readily purchase agriculture inputs such as seeds, fertilizers, pesticides etc. and draw cash for their production needs.

Detailed explanation-3: -The number of operative KCCs increased by two lakh from 29.25 lakh in 2021 to 31.25 lakh in 2022 in Karnataka.

Detailed explanation-4: -State Co-operative Agriculture & Rural Development Banks (SCARDBs) Regional Rural Banks (RRBs) State Co-operative Banks (StCBs) District Central Cooperative Banks (DCCBs)

There is 1 question to complete.