Question

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 trucks

3. Consumption requirements of farm households

4. Post-harvest expenses

5. Construction of family house and setting up of village cold storage facility

Select the correct answer using the code given below:

(a) 1, 2 and 5 only

(b) 1, 3 and 4 only

(c) 2, 3, 4 and 5 only

(d) 1, 2, 3, 4 and 5.

Answer 1

Correct option is (b) 1, 3 and 4 only

Kisan Credit Card primarily meant for buying farm inputs. So construction of 'family house' seems far- fetched. So, 5 is wrong. Further, setting up a village cold storage facility cannot be done through a short-term credit (as given in the question premise) it will require a very long term loan. So, 5 is wrong. By elimination we are left with answer "b".

Interestingly no questions from the government schemes related to insurance and pension. Although in the last two years many initiatives were undertaken such as PM Shram Yogi Maan Dhan, Laghu Vyapari Maan Dhan, Kisan Maan Dhan etc. schemes.