Question

The safest loan in a cooperative society is

• A. Personal Loan
• B. Agricultural Loan
• C. Gold Loan
• D. Housing Loan

Answer 1

Answer:

C. Gold Loan

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