Question

Kissan Credit card was recommended by

• A. NABARD Committee
• B. R V Guptha Committee
• C. Rangarajan Committee
• D. Shiv Raman Committee

Answer 1

Answer:

B. R V Guptha Committee

Kissan Credit card [flexi card]

• Implement by NABARD

• Start by PCARDB 2005

• Recommended by R V Guptha Committee -1998

• RBI and NABARD direction issue to commercial bank, RRB and  cooperative bank

• Used for both production and consumption needs

• Farmers can use their credit limit both cash and in kind

• Rate of interest is applicable to crop loan

Note:

• Safest loan in a cooperative society - Gold Loan.

• Study team of structure of PACS - Malcom Darling