New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    To transform the rural credit delivery system, which of

    the following has decided to launch pilot projects to digitise Kisan Credit Card (KCC) in Madhya Pradesh and Tamil Nadu?
    A SEBI Correct Answer Incorrect Answer
    B SBI Correct Answer Incorrect Answer
    C RBI Correct Answer Incorrect Answer
    D PNB Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    To transform the rural credit delivery system, the Reserve Bank of India has decided to launch pilot projects to digitise Kisan Credit Card (KCC) in Madhya Pradesh and Tamil Nadu. Based on the learnings from the pilot project, it is planned to expand the digitalisation of KCC lending to other districts in these two states and gradually across the country It will commence in September 2022 in select districts of Madhya Pradesh and Tamil Nadu with Union Bank of India and Federal Bank, respectively, as partner banks and with active cooperation of the respective State governments The pilot project would entail automation of various processes within banks and integration of their systems with the service providers.

    Practice Next