Question

................... is issued by Indian public sector banks to the farmers of India.

• A. Kisan Samman Nidhi
• B. Kisan Card
• C. Kisan Credit Card
• D. Kisan Mithra Card

Answer 1

Answer:

C. Kisan Credit Card

Indian public sector banks issue Kisan Credit Cards (KCCs) to farmers in India:

• The KCC is a credit card that provides farmers with access to loans for agricultural purposes. Farmers can use the card to purchase agricultural inputs like seeds, fertilizers, and pesticides, and to withdraw cash for production needs.

• The KCC scheme was introduced in 1998-99.

• Farmers can receive loans of up to Rs. 3 lakh under the KCC scheme.

• The KCC scheme has been simplified to include features like one-time documentation, built-in cost escalation, and ATM-enabled debit cards.

• The benefits of the KCC scheme have been extended to farmers involved in animal husbandry and fisheries.