CURRENT AFFAIRS

Detailed explanation-1: -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-2: -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-3: -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.

Detailed explanation-4: -KISAN CREDIT CARD (ANIMAL HUSBANDRY & FISHERY) The KCC facility will meet the short term credit requirements of rearing of animals, birds, fish, shrimp, other aquatic organisms, capture of fish.

Detailed explanation-5: -For the existing KCC holders the benefits of interest subvention and prompt repayment incentive will be admissible up to the credit limit of Rs. 3 lakhs including fisheries activities. In the case of new card holders, the credit limit is Rs. 2 lakhs to meet their working capital requirements for fisheries activities.