CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank rolls out “KCC (Kisan Credit Card) Review option” for Farmers?
A
Central Bank of India
B
State Bank of India
C
Union Bank of India
D
HDFC
Explanation: 

Detailed explanation-1: -Recognizing the fact that not all farmers may have access to smartphones, SBI said it has also streamlined the KCC review process at its branches.

Detailed explanation-2: -State Bank of India (SBI) has introduced “KCC (Kisan Credit Card) Review option” on its digital agricultural solution platform, YONO Krishi, to enable farmers to access their KCC limit in four clicks.

Detailed explanation-3: -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: -The Kisan credit card will be issued by Bank of India branches to farmers who qualify for short term loan sanctions required for cultivation of crops, non-farm activities and other allied agricultural activities.

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