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 a family house and setting up a village cold storage facility. Select the correct answer using the code given below:

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YESPYQ · Accepted Answer

Correct answer: 1, 3 and 4 only. Announced in the 1998–1999 budget, the Kisan Cred- it Card Scheme aims to provide farmers with the institutional credit they need to meet their financial needs at various phases of farming. It is implemented by all public sector banks, regional rural banks, and cooperative banks across the nation. Options 1, 3 and 4 are correct : Under the Kisan Credit Card scheme, short-term credit support is given to farmers for the fol- lowing purposes :  The Kisan Credit Card (KCC) scheme provides credit for working capital requirements, including maintaining and repairing farm assets like equipment, machinery, and other resources.  KCC also provides credit for the consumption requirements of the farmer’s family, such as food, fuel, and other basic household needs.  Post Harvest Expenses : The scheme provides support for expenses related to post-harvest activities, such as packaging, storage, and transportation.  Other than these the Kisan Credit Cards are issued to the farmers so that they may use them to purchase agriculture inputs such as seeds, fertilizers

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