With reference to the Kisan Credit Card–Modified Interest Subvention Scheme (KCC-MISS), consider the following statements: 1. It is a centrally sponsored scheme. 2. The Scheme covers long-term agricultural investment loans for the purchase of tractors, farm machinery, and irrigation infrastructure under the Kisan Credit Card. 3. It is jointly implemented and monitored by the Reserve Bank of India (RBI) and the National Bank for Agriculture and Rural Development (NABARD). How many of the above statements are correct? |ForumIAS

Q. With reference to the Kisan Credit Card–Modified Interest Subvention Scheme (KCC-MISS), consider the following statements:
1.It is a centrally sponsored scheme.
2.The Scheme covers long-term agricultural investment loans for the purchase of tractors, farm machinery, and irrigation infrastructure under the Kisan Credit Card.
3.It is jointly implemented and monitored by the Reserve Bank of India (RBI) and the National Bank for Agriculture and Rural Development (NABARD).
How many of the above statements are correct?

[A] Only one

[B] Only two

[C] All three

[D] None

Answer: A

Notes:

Explanation: 3 only

Statement 1 is incorrect: Kisan Credit Card–Modified Interest Subvention Scheme (KCC-MISS) is a Central Sector Scheme, launched in 2006–07.

Statement 2 is incorrect: KCC-MISS provides interest subvention on short-term crop loans availed through the Kisan Credit Card (KCC) to ensure timely and affordable institutional credit to farmers.

Statement 3 is correct: It is jointly implemented and monitored by the Reserve Bank of India (RBI) and the National Bank for Agriculture and Rural Development (NABARD).

Source: PIB

Post-Mains Strategy Session by Mr. Ayush Sinha | ForumIAS