gs1medium

Under the Kisan Credit Card Scheme, short-term credit support is given to farmers for which of the following purposes?

  1. 1.Working capital for maintenance of farm assets
  2. 2.Purchase of combine harvesters, tractors and mini trucks
  3. 3.Consumption requirements of farm households
  4. 4.Post-harvest expenses
  5. 5.Construction of family house and setting up of village cold storage facility

Select the correct answer using the code given below:

  1. A.1, 2 and 5 only
  2. B.1, 3 and 4 only
  3. C.2, 3, 4 and 5 only
  4. D.1, 2, 3 and 4
▶ Answer & Explanation

Correct answer: B. 1, 3 and 4 only

The Kisan Credit Card (KCC) scheme provides short-term working capital for agricultural operations, including farm maintenance and post-harvest activities. It also covers consumption needs of farm households. The scheme is designed to finance short-term needs and does not typically cover the purchase of capital assets like tractors or construction of houses, which fall under medium/long-term loans.

Source: UPSC gs1 2020

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