Q. Which of the statement is not true regarding KCC?
a) It was launched in 1998.
b) It aims of providing short-term formal credit to farmers.
c) KCC facility has been extended to Animal Husbandry farmers and Fisheries.
d) None of these.
ANSWER:- d)
RELATED FACTS:-
- On 27th July, 2021 The Minister of Fisheries, Animal Husbandry and Dairying Shri Parshottam Rupala in the Lok sabha in a written reply said The Reserve Bank of India has extended KCC facility to Animal Husbandry farmers and Fisheries for their working capital requirements.
- Wherein farmers either individual or joint borrower, Joint Liability Groups or Self Help Groups including tenant farmers having owned /rented/leased sheds are eligible for getting benefits under the scheme.
- The loan limit is arrived at based on the Scale of Finance (SoF) methodology.
- The Scale of Finance is fixed by the State Level Technical Committee (SLTC) in consultation with District Level Technical Committee (DLTC) based on local cost worked out on the basis of per acre/per unit/per animal/per bird etc.
ABOUT KCC:-
- The Kisan Credit Card scheme is a Government of India scheme which provides farmers with timely access to credit.
- The Kisan Credit Card (KCC) scheme was launched in 1998 with the aim of providing short-term formal credit to farmers and was created by NABARD (National Bank for Agriculture and Rural Development).
By – ABHISHEK KUMAR
LINK
https://www.pib.gov.in/PressReleasePage.aspx?PRID=1739462