Question
Under the kisan credit card scheme short-term credit support is given to farmers for which of the following purpose?
1. Working capital for maintenance of farm assets
2. Purchase of combine harvester’s tractors and mini trucks.
3. Consumption requirements of farm household
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:
(a) 1, 2 and 5 only
(b) 1, 3 and 4 only
(c) 2, 3 and 5 only
(d) 1, 2, 3, 4 and 5
Answer:
B
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Explanation:
1. The KCC scheme provides credit support to farmers for meeting their working capital needs, including expenses related to the maintenance of farm assets.
2. The KCC scheme does not specifically include credit support for the purchase of these agricultural machinery and vehicles. However, farmers may utilize the credit obtained through the KCC for such purposes if they are essential for their farming operations.
3. The KCC scheme allows farmers to utilize a portion of the credit for meeting their consumption requirements, including expenses related to their household needs.
4. The KCC scheme covers credit support for post-harvest expenses such as storage, marketing, and transportation of agricultural produce.
5. The KCC scheme does not provide credit support for the construction of family houses or the establishment of village cold storage facilities. Its primary focus is on meeting the short-term credit requirements of farmers for agricultural purposes.