Answer-Consider the following statements about Kisan Credit Card (KCC)? I. The scheme comes with an ATM-en...

The scheme comes with an ATM-enabled RuPay debit card with facilities for one-time documentation. The Kisan Credit Card KCC scheme was introduced in 1998 for providing adequate and timely credit support from the banking system under a single window. It aims to provide short-term crop loans up to 3 lakh to farmers at an interest rate of 7 per cent per annum. Farmers that repay their loans on time will receive an additional 3 interest subsidy. The effective interest rate for these farmers is 4.

Question

Consider the following statements about Kisan Credit Card (KC

C ? I. The scheme comes with an ATM-enabled RuPay debit card. II. Kisan Credit Card (KC
C scheme was introduced in 1998. III. It provide short-term crop loans up to ₹2 lakh Which of the following statements is/are incorrect?