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    Question

    Kisan Credit Card Scheme was launched in 1998

    by
    A Ministry of Finance and RBI Correct Answer Incorrect Answer
    B Ministry of Agri and farmers Welfare and NABARD Correct Answer Incorrect Answer
    C NABARD and RBI Correct Answer Incorrect Answer
    D Ministry of Rural Development and RBI Correct Answer Incorrect Answer
    E NABARD Only Correct Answer Incorrect Answer

    Solution

    The Kisan Credit Card scheme is a credit scheme introduced in August 1998 by Indian banks. This model scheme was prepared by the National Bank for Agriculture and Rural Development on the recommendations of R. V. GUPTA committee to provide term loans for agricultural needs. In a bid to provide term loan for agricultural needs of the farmers, Indian banks introduced Kisan Credit Card (KCC) scheme in August 1998. The model of KCC scheme was prepared by NABARD (National Bank for Agriculture and Rural Development) that met the recommendations of RV Gupta Committee

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