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Question

Consider the following statement about Kisan Credit Card (KCC)-:

I. The scheme was introduced in 1998 to provide timely credit support to the farmers for their cultivation and other needs.

II. It is being implemented by the Commercial Banks and Regional Rural Banks (RRBs) only.

III. This model scheme was prepared by the NABARD on the recommendations of the R. V. Gupta Committee.

Choose the answer using the codes given below:

A I only Correct Answer Incorrect Answer
B II only Correct Answer Incorrect Answer
C III only Correct Answer Incorrect Answer
D I and III only Correct Answer Incorrect Answer
E II and III only Correct Answer Incorrect Answer

Solution

KCC scheme was introduced in 1998 for providing adequate and timely credit support from the banking system, under a single window with the flexible and simplified procedure to the farmers for their cultivation and other needs like the purchase of agriculture inputs such as seeds, fertilizers, pesticides, etc. and draw cash for their production needs. It is implemented by the Agencies like Commercial Banks, Regional Rural Banks (RRBs), Small Finance Banks, and Cooperative Banks. This model scheme was prepared by the National Bank for Agriculture and Rural Development (NABARD) on the recommendations of the R. V. Gupta Committee.

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