HORTICULTURE SCIENCE
GENERAL AGRICULTURE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Kishan Credit Card
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Mudra Yojana
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Farmer Scheme
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Jan Dhan Yojana
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Detailed explanation-1: -The Kisan Credit Card (KCC) scheme is a credit scheme introduced in August 1998 by Indian banks. This model scheme was prepared by the National Bank for Agriculture and Rural Development (NABARD) on the recommendations of R.V. GUPTA committee to provide term loans and agricultural needs. Was this answer helpful?
Detailed explanation-2: -In a bid to provide term loan for agricultural needs of the farmers, Indian banks introduced Kisan Credit Card (KCC) scheme in August 1998. 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 Yojana is exempted from standard credit card interest rates. The cardholder can avail of interest rates ranging between 2% to 7%. In addition, farmers can repay their loans based on the harvesting period of the crops for which they receive the loan.