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 truck 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: 1, 2 and 5 only 1, 3 and 4 only 2, 3, 4 and 5 only 1, 2, 3, 4 and 5

Under the Kisan Credit Card scheme, short-term credit support

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 truck
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:

1, 2 and 5 only
1, 3 and 4 only
2, 3, 4 and 5 only
1, 2, 3, 4 and 5

Answer: B

Explanation

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.
Investment credit requirement for agriculture and allied activities like pump sets, sprayers, dairy animals, floriculture, horticulture.
Short term credit requirements of rearing of animals, birds, fish, shrimp, other aquatic organisms, capture of fish.

Exam Year: 2020