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      Question

      The Scale of Finance (SoF) is notified by which body and

      serves what purpose under the revised KCC framework? 
      A NABARD, to set national credit limits for all farm loans Correct Answer Incorrect Answer
      B State Level Technical Committees (SLTCs), to estimate crop cultivation costs for credit alignment Correct Answer Incorrect Answer
      C RBI, to benchmark agricultural lending rates across regions Correct Answer Incorrect Answer
      D ICAR, to quantify input requirements per crop variety Correct Answer Incorrect Answer
      E District Collectors, to determine land-based credit eligibility Correct Answer Incorrect Answer

      Solution

      The Scale of Finance is notified annually by State Level Technical Committees (SLTCs) and represents the estimated cost of cultivating specific crops in a specific region. Under the revised KCC draft, drawing limits will be directly tied to SoF, ensuring credit reflects actual cultivation costs rather than arbitrary bank-set limits.

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