Under the Kisan Credit Card scheme, short-term credit support is given to farmers for which of the following purposes ?
- Working capital for maintenance of farm assets
- Purchase of combine harvesters, tractors and mini trucks
- Consumption requirements of farm households
- Post-harvest expenses
- Construction of family house and setting up of village cold storage facility
Select the correct answer using the code given below :
This questions was previously asked in
UPSC CSP Previous Year Paper (2020)
1, 2 and 5 only
Incorrect Answer1, 3 and 4 only
Correct Answer2, 3, 4 and 5 only
Incorrect Answer1, 2, 3, 4 and 5
Incorrect AnswerExplanation:
The scheme aims at providing adequate and timely credit for the comprehensive credit requirements of farmers under single window for their cultivation and other needs as indicated below:
- To meet 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, activities allied to agriculture, like dairy animals, inland fishery and also working capital required for floriculture, horticulture etc.
- Statement 2 and 5: Investment credit requirement is covered by KCC, so it might seem that purchase of combine harvesters, tractors and mini trucks comes under it. But, we withhold a judgment on this since S5 is clearly wrong (house building is not covered under KCC).
Hence option 2nd is correct.
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By: Abhipedia