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

Select the correct answer using the code given below:

1. 1, 2 and 5 only
2. 1, 3 and 4 only
3. 2, 3, 4 and 5 only
4. 1, 2, 3, 4 and 5

Explanation

Option (b) is correct

• The scheme was introduced in 1998 to provide farmers with adequate and timely credit support. It was extended for Allied and non-farm activities in 2004. Electronic Kisan Credit Cards have been issued on the Working Group report under T. M. Bhasin. The age group of 18-75 years is eligible for KCC. Senior citizens must have a legal heir as a co-borrower.
• Objectives: To meet the short-term credit requirements for the cultivation of crops.
  • Post-harvest expenses.
  • Produce marketing loan.
  • Consumption requirements of farmer households.
  • Working capital for maintenance of farm assets and activities allied to agriculture.
  • Investment credit requirement for agriculture and allied activities.

Answer: (b) 1, 3 and 4; Difficulty Level: Hard