Correct Answer: Option C) Both 1 and 2
The Kisan Credit Card (KCC) scheme is a comprehensive credit facility introduced by the Government of India to provide timely and adequate credit support to farmers for their cultivation and other needs.
Let's analyze both statements:
Statement 1: The Kisan Credit Card scheme provides both short-term and long-term agricultural credit.
This statement is correct. The KCC scheme is designed to provide:
Short-term credit for crop cultivation, maintenance of farm assets, and consumption requirements of farm households
Long-term credit for agriculture and allied activities like purchase of farm equipment, land development, minor irrigation, etc.
The credit limit is fixed based on the operational land holding, cropping pattern, and scale of finance
Statement 2: "It is implemented through commercial banks, cooperative banks, and RRBs."
This statement is also correct. The KCC scheme is implemented through multiple financial institutions:
Commercial Banks (both public and private sector)
Regional Rural Banks (RRBs)
Cooperative Banks (Primary Agricultural Credit Societies, District Central Cooperative Banks, and State Cooperative Banks)
