GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Regional Rural Banks
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Public Sector Commercial Banks
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State Cooperative Banks/DCCBs/PACS nad Scheduled Primary Cooperative Banks
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All of the above
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Detailed explanation-1: -The Kisan Credit Card scheme is implemented by public sector commercial banks, RRBs and cooperative banks. It was launched to provides short term loans in the form of production credit.
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 August 1998. The Kisan Credit Card (KCC) scheme was started in August 1998. It was created under the guidance of the National Bank for Agriculture and Rural Development (NABARD).
Detailed explanation-4: -The Kisan Credit Card Yojana helps farmers acquire short-term loans to meet their farming expenses. Card issuing banks decide the credit limit based on cultivated crops, maintenance expenses, and the financial margin. A credit limit of ₹10, 000 to ₹50, 000 is offered to marginal farmers.