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Under The Kisan Credit Card Scheme, Short-Term Credit Support Is Given To Farmers For Which Of The Following Purposes ?

Under the Kisan Credit Card scheme, short-term credit support is given to farmers for which of the following purposes ?

1.Working capital for maintenance of farm assets 

2.Purchase of combine harvesters, tractors and mini trucks

3.Consumption requirements of farm households

4.Post-harvest expenses

5.Construction of family house and setting up of village cold storage facility

Select the correct answer using the code given below : (2020)

a) 1, 2 and 5 only

b) 1, 3 and 4 only

c) 2, 3, 4 and 5 only

d) 1, 2, 3, 4 and 5

Answer: B

Kisan Credit Card is provided with the following objectives:

  • The short term credit requirements for cultivation of crops
  • Post harvest expenses
  • Produce marketing loan
  • Consumption requirements of farmer household
  • Working capital for maintenance of farm assets and activities allied to agriculture, like dairy animals, inland fishery, etc.
  • Investment credit requirement for agriculture and allied activities like pumpsets, sprayers, dairy animals, etc.

February 2024