CURRENT AFFAIRS

Detailed explanation-1: -The largest private sector bank in the country, HDFC Bank, launched ‘Shaurya KGC (Kisan Gold Credit) Card, a loan product for the armed forces. This is the first-of-its-kind scheme meant for the army personnel in the country and is based on the Kisan Credit Card guidelines of the government.

Detailed explanation-2: -Kisan Gold Card is finance to farmers for specified sum of money, towards his farm requirements like production of crop, post-harvest, repair & maintenance and consumption need of the farmer.

Detailed explanation-3: -kind product for the armed forces. Called “Shaurya KGC Card”, this unique product comes. with never-seen-before features and eligibility criteria specially crafted for our over 45 lakh Indian armed forces personnel. The product is based on the Kisan Credit Card guidelines by the government.

Detailed explanation-4: -KGC Shaurya-Kisan Gold Card Loan for Defence Personnel | HDFC Bank.

Detailed explanation-5: -Cheque book issued with credit limit of Rs 25, 000. Farmer can purchase seeds, fertilizers, farm equipment with loan amount. Low bank interest rates, at an average of around 9%. Maximum credit limit of Rs 3 lakh.