Q. Consider the following statements regarding “Kisan Credit Card Scheme”:
1.It was introduced in 2008.
2.It provides adequate and timely credit to the farmers for their agricultural operations.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: B
Notes:

Explanation: Kisan Credit Card Scheme was introduced in 1998 with the objective of providing adequate and timely credit to the farmers for their agricultural operations and other needs such as

  1. To meet the short-term credit requirements for cultivation of crops;
  2. Post-harvest expenses;
  3. Produce marketing loan;
  4. Consumption requirements of farmer household;
  5. Working capital for maintenance of farm assets and activities allied to agriculture;
  6. Investment credit requirement for agriculture and allied activities.

Source: FORUMIAS

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