BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Kisan Credit Card
|
|
|
Krishi Bima Yojana
|
|
|
Crop Loan Scheme
|
|
|
Corporate Loan Scheme
|
Detailed explanation-1: -The KCC scheme has short-term credit limits for crops and term loans. Farmers having KCC credit are covered under personal accidental insurance up to Rs 50, 000 for permanent disability and death and up to Rs 25, 000 for other risks. Under this scheme, farmers can avail collateral free loan up to Rs 1 lakh.
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 correct answer is Indian Bank. Indian Bank has introduced a Kisan credit card loan scheme for fishermen in Tamil Nadu. Under this scheme, Kisan credit card loans of up to ₹2 lakh as working capital with a low-interest rate will be provided.
Detailed explanation-4: -Credit facility to farmers Farmers can avail crop loan through Kisan Credit Card. Loan /credit limit is fixed on the basis of crop sown and area under cultivation. Kisan Credit Cards are valid for 3-5 years. Farmers are also provided risk coverage in the event of accidental death/ disability.