Economy2020
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
- Consumption requirements of farm households
- Post-harvest expense
- Construction of a family house and setting up a village
cold storage facility. Select the correct answer using the code given below:
Explanation
The Kisan Credit Card (KCC) scheme is designed to provide farmers with timely and adequate short-term credit for their various agricultural needs. The correct options 1, 3, and 4 pertain to working capital for maintenance of farm assets, consumption needs of farm households, and post-harvest expenses, all of which directly support the agricultural operations and livelihood of farmers. In contrast, options 2 and 5 are related to capital investments rather than short-term credit needs, as purchasing heavy machinery and constructing buildings typically require long-term financing rather than the immediate liquidity provided by KCC, aligning with the main objective of the scheme to facilitate routine operational expenditures.
