Podcast
Questions and Answers
What is the primary objective of the KCC scheme?
What is the primary objective of the KCC scheme?
- Facilitate tax collection from agricultural income
- Ensure timely and institutional credit flow to farmers (correct)
- Encourage migration from rural to urban areas
- Offer financial assistance for non-agricultural purposes
What type of loans does KCC provide for setting up facilities?
What type of loans does KCC provide for setting up facilities?
- Short-term loans for crop cultivation
- Medium-term loans for purchasing seeds
- Long-term loans for setting up cold storage facilities (correct)
- Emergency loans for natural disasters
Why is lack of awareness among beneficiaries considered a challenge of the KCC scheme?
Why is lack of awareness among beneficiaries considered a challenge of the KCC scheme?
- Due to excessive interest rates
- Because banks are too easily accessible in urban areas
- Because the scheme is too simple to understand
- As it hinders farmers from accessing necessary credit facilities (correct)
Which of the following is NOT a challenge associated with the KCC scheme?
Which of the following is NOT a challenge associated with the KCC scheme?
How can the effectiveness of the KCC scheme be improved according to the text?
How can the effectiveness of the KCC scheme be improved according to the text?
Which purpose does KCC NOT provide loans for according to the text?
Which purpose does KCC NOT provide loans for according to the text?
What is the primary focus of the Kisan Credit Card Scheme?
What is the primary focus of the Kisan Credit Card Scheme?
Which of the following is a benefit of KCC for farmers?
Which of the following is a benefit of KCC for farmers?
Who are the key institutions involved in the KCC Scheme?
Who are the key institutions involved in the KCC Scheme?
What is the validity period of a Kisan Credit Card?
What is the validity period of a Kisan Credit Card?
Which statement about KCC is correct?
Which statement about KCC is correct?
What type of insurance schemes are KCC holders eligible for?
What type of insurance schemes are KCC holders eligible for?
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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
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