BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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NABARD
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Co-operative Banks
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Regional Rural Banks
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Schedules Commercial Banks
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Detailed explanation-1: -Your age also plays a huge role when it comes to determining your eligibility for a Kisan Credit Card. You must be 18 years or older and less than 75 years of age to apply for a KCC. And if you’re 60 years of age or older, producing a co-borrower who is either your legal heir or an immediate kin would be mandatory.
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 model of KCC scheme was prepared by NABARD (National Bank for Agriculture and Rural Development) that met the recommendations of RV Gupta Committee. The KCC is available at all Indian banks, regional rural banks and the co-operative banks. The KCC scheme has short-term credit limits for crops and term loans.
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.