Question

Swarozgar credit card system was introduced in

• A. 2001
• B. 2005
• C. 2010
• D. 2003

Answer 1

Answer:

D. 2003

NABARD ISSUES 3 TYPES OF CREDIT CARD 

1. Kissan Credit Card

2. Swarozgar Credit Card system

3. Rashtreeya Krishi Bima Yojana 

KISSAN CREDIT CARD 

• Kissan Credit card system was introduced by NABARD in 1998 

• Kissan Credit card system came as per the recommendation of RV Gupta Committee

• started by PCARDB in 2005 

• The objective of this is to meet the credit needs of farmers implemented through commercial banks, Regional Rural Banks, State Cooperative Banks. 

• This card is valid for 3 years. 

SWAROZGAR CREDIT CARD SYSTEM 

• Introduced in 2003 declaration P.M (Prime minister) PCARDB 2004 

• This credit card introduced to provide credit for small artisans, hand loom weavers and other self employed persons like SHG 

RASHTREEYA KRISHI BIMA YOJANA 

• To provide insurance coverage financial support to farmers in the event of failure of crops due to natural calamities like Flood, draught etc.