New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    The KCC Scheme was introduced in 1998 with the objective

    of providing adequate and timely credit to the farmers for their agricultural operations. The Government of India provides interest subvention of 2% and Prompt Repayment Incentive of 3% to the farmers, thus making the credit available at a very subsidized rate of 4% per annum. The KCC facility was extended to fish farmers in the year___ 
    A 2016-17 Correct Answer Incorrect Answer
    B 2017-18 Correct Answer Incorrect Answer
    C 2018-19 Correct Answer Incorrect Answer
    D 2019-20 Correct Answer Incorrect Answer
    E 2020-21 Correct Answer Incorrect Answer

    Solution

    The Gov. of India extended the facility of Kisan Credit Card (KCC) to fisheries and animal husbandry farmers in the year 2018-19 to help them meet their working capital needs. The KCC facility will help fisheries and animal husbandry farmers to meet their short term credit requirements of rearing of animals, poultry birds, fish, shrimp, other aquatic organisms and capture of fish. 

    Practice Next