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Economy2020
Under the Kisan Credit Card scheme, short-term credit support is given to farmers for which of the following purposes?
  1. Working capital for maintenance of farm assets
  2. Purchase of combine harvesters, tractors and mini
  3. Consumption requirements of farm households
  4. Post-harvest expense
  5. 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.

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