Q. Under the Kisan Credit Card scheme, short-term credit support is given to farmers for which of the following purposes?
1.Working capital for maintenance of farm assets
2.Purchase of combine harvesters, tractors and mini trucks
3.Consumption requirements of farm households
4.Post-harvest expenses
5.Construction of family house and setting up of village cold storage facility
Select the correct answer using the code given below:
Answer: B
Notes:
Explanation: The Kisan Credit Card (KCC) scheme provides short-term credit to farmers mainly for crop production and related needs. It covers working capital for maintenance of farm assets (1), consumption requirements of farm households (3), and post-harvest expenses (4).
However, purchase of combine harvesters, tractors and mini trucks (2) involves capital investment, which is generally financed through term loans rather than short-term KCC credit. Similarly, construction of a family house and setting up of village cold storage facility (5) is not covered under the short-term credit component of the KCC scheme.
Source- IE
