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.
