BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Under AFCSS, announced by Assam government, whatever amount of loan the farmers took from banks and whatever amount they repaid,____of the money will be reimbursed by the state government.
A
60%
B
33%
C
75%
D
25%
Explanation: 

Detailed explanation-1: -Pradhan Mantri Krishi Sinchai Yojana – This is a scheme to take care of irrigation requirements of farming. Parampragat Krishi Vikas Yojana – This scheme is to promote organic farming.

Detailed explanation-2: -The Government introduced the Kisan Credit Card (KCC) Scheme, for issue of KCC to farmers for uniform adoption by the banks, so that farmers may use them to readily purchase agriculture inputs such as seeds, fertilizers, pesticides etc.

Detailed explanation-3: -Banks have brought the farmers under the ambit of services like loans, credits, nonmortgage loans etc. d. Banks provide farmers with facilities like Kisan Vikas card to meet their day to day requirements.

Detailed explanation-4: -The Chief Minister of the State declared this scheme in December 2018. The system acquired its state cabinet approval in January 2019.

There is 1 question to complete.