Question
According to the RBI recent announcement, the farmers
who repay loans promptly under the Kisan Credit cards scheme will get an additional ___ % subsidy.Solution
The farmers who repay loans promptly will get an additional three percent subsidy. Thus, the interest rate charged to these farmers will be four percent. The Kisan Credit Card (KCC) Scheme was introduced in the year 1998 with the objectives of providing adequate and timely credit to the farmers for their agricultural operation. 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.
State which of the following statements is not correct about the dance of Lavani.
i. A combination of traditional song and da...
What was the specific reason RBI imposed a penalty of ₹31.80 lakh on Bank of Maharashtra?
What is the repo rate as of February 2025, according to the Reserve Bank of India (RBI)?
Which committee is responsible for deciding the Repo Rate in India?
Which of the following social media giant has recently launched a parent controlled messenger app
PM Jan Dhan Yojana accounts are linked with which social security schemes?
Open market operations, one of the monetary measures taken by RBI is:
Which of the following is/are correct? Please select the appropriate option.
i. Â Â When RBI expects that prices of commodities are increasing, ...
Which two Urban Co-operative Banks (UCBs) are set to merge with other banks as per RBI’s latest approval?
Where is the Head Quarter of Asian Clearing Union (ACU)?
