Consider the following statementsbegin{enumerate}item The Kisan Credit Card (KCC) Scheme was introduced in August 2000.item Allied and non-farm activities are also covered under the Scheme.item Validity period of the KCC is 3 years.end{enumerate} Which of the statements given above is/are true?

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Consider the following statements

A	Scheme was introduced in August 2000.
B	Only 1
C	Only 2
D	Only 3
E	All the above

Explanation:

Detailed explanation-1: -Validity of KCC is for 5 years. No Margin. No processing fee up to of Rs. 3.00 lakh. Interest subvention /incentive for prompt repayment to be available as per the Government of India and / or State Government norms.

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: -NABARD IN NEWS In a bid to provide term loan for agricultural needs of the farmers, Indian banks introduced Kisan Credit Card (KCC) scheme in August 1998. 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-4: -Farmers – individual/joint borrowers who are owner cultivators; Tenant farmers, oral lessees & share croppers; Self Help Groups (SHGs) or Joint Liability Groups (JLGs) of farmers including tenant farmers, share croppers etc.

There is 1 question to complete.