Question

As part of efforts to reduce the cost of formal credit for small farmers, banks are directed not to levy any processing fee, inspection charges or other service charges on short-term crop loans sanctioned under the Kisan Credit Card scheme up to a certain loan amount. What is this threshold loan amount, up to which such charges are waived?

A ₹1 lakh
B ₹1.6 lakh
C ₹3 lakh
D ₹2 lakh
E ₹5 lakh
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)