Kisan Credit Card — Prelims Questions

Which of the following statements about the Kisan Credit Card (KCC) scheme is/are correct? 1. It was launched in 1998 based on the recommendations of the R.V. Gupta Committee. 2. It provides short-term credit for crop production but does not cover allied agricultural activities. 3. Farmers who repay promptly can avail an effective interest rate of 4% per annum. 4. Tenant farmers and oral lessees are not eligible to apply for KCC. Select the correct answer using the code given below:

Which of the following bodies is primarily responsible for issuing policy guidelines and refinancing banks for the implementation of the Kisan Credit Card (KCC) scheme in India?

Regarding the Interest Subvention Scheme (ISS) for Kisan Credit Card (KCC) loans, consider the following statements: 1. The government provides a 2% interest subvention on short-term crop loans up to Rs. 3 lakh. 2. An additional 3% interest subvention is provided for prompt repayment, making the effective rate 4%. 3. The scheme is applicable only to Public Sector Banks and not to Regional Rural Banks (RRBs). Which of the statements given above is/are correct?

Which of the following is NOT a recent digital initiative related to the Kisan Credit Card (KCC) scheme?

Consider the following statements regarding the eligibility for Kisan Credit Card (KCC): 1. Individual farmers, including owner-cultivators, are eligible. 2. Self Help Groups (SHGs) and Joint Liability Groups (JLGs) of farmers are eligible. 3. The minimum age for an applicant is 21 years. Which of the statements given above is/are correct?