Consider the following about Kisan Credit Cards and mark the incorrect statements ........

Economic Affairs Agricultural Finance

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Consider the following about Kisan Credit Cards and mark the incorrect statements?

It is implemented through Commercial Banks, Cooperative Banks and RRBs

It augments credit flow to agricultural sector

It can be used by farmers for activities like dairy animals, inland fishery

KCC is available to fulfil only short term needs for land holding farmers

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Explanation:

Exp:- Kisan Credit Card (KCC) scheme is a credit scheme introduced in August 1998 by Indian banks. This model scheme was prepared by the National Bank for Agriculture and Rural Development (NABARD) on the recommendations of R.V. Gupta to provide term loans and agricultural needs.

Exp:- Participating institutions include all commercial banks, Regional Rural Banks, and state co-operative banks.