12 Questions
What is the primary objective of the KCC scheme?
Ensure timely and institutional credit flow to farmers
What type of loans does KCC provide for setting up facilities?
Long-term loans for setting up cold storage facilities
Why is lack of awareness among beneficiaries considered a challenge of the KCC scheme?
As it hinders farmers from accessing necessary credit facilities
Which of the following is NOT a challenge associated with the KCC scheme?
Easy access to banks in remote areas
How can the effectiveness of the KCC scheme be improved according to the text?
Conducting financial literacy campaigns for farmers
Which purpose does KCC NOT provide loans for according to the text?
Weddings and social events for farmers
What is the primary focus of the Kisan Credit Card Scheme?
Agricultural working capital and farm expenses
Which of the following is a benefit of KCC for farmers?
Long-term financing for infrastructure development
Who are the key institutions involved in the KCC Scheme?
Commercial Banks, Cooperative Banks, and RRBs
What is the validity period of a Kisan Credit Card?
3 years (subject to renewal)
Which statement about KCC is correct?
Both statements are correct
What type of insurance schemes are KCC holders eligible for?
Both crops and livestock
Study Notes
Kisan Credit Card (KCC) Scheme
- The primary objective of the KCC scheme is to ensure timely and institutional credit flow to farmers.
Benefits of KCC for Farmers
- Provides financial assistance for non-agricultural purposes
- Offers concessional interest rates on loans
- Allows flexibility in repayments based on harvest cycles
- Reduces dependence on money lenders
- Acts as a single point for accessing various agricultural loans
Features of KCC
- Provides long-term loans for setting up cold storage facilities
- Can be used for post-harvest storage solutions
- Validity period is 3 years (subject to renewal)
Eligibility and Insurance
- KCC holders are eligible for subsidized insurance schemes on both crops and livestock
Challenges Associated with KCC
- Complex application process
- Lack of awareness among beneficiaries
- Difficulty accessing banks in remote areas
Improving the Effectiveness of KCC
- Conducting financial literacy campaigns for farmers can improve the effectiveness of the KCC scheme
History of KCC
- The Kisan Credit Card Scheme was launched in India in the late 1990s
Test your knowledge about the Kisan Credit Card Scheme in India with this quiz. Learn about the launch year, objectives, benefits, and more related to this agricultural financial scheme.
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