Question

in respect of Commercial Banks which entity monitors the Kisan Credit Card (KCC) Scheme
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Answer 1

The entity that monitors the Kisan Credit Card (KCC) Scheme  is Reserve Bank Of India. ( RBI ).

• The Kisan Credit Card scheme is a loan program launched by Indian banks in August 1998.
• The National Bank for Agriculture and Rural Development ( NABARD) prepared this model scheme for the provision of term loans for agricultural needs.
• The apex bank of India. RBI monitors the scheme and does the necessary fund allocation.

Answer 2

The Reserve Bank of India monitors the Kisan Credit Card (KCC) Scheme.

Explanation:

• The Reserve Bank of India is the central bank of India that maintains the issue and supply of the Indian currency.
• Kisan Credit Card Scheme was introduced for the benefits of the farmers.
• The funds are given to the farmers to buy agriculture inputs such as seeds, pesticides, fertilizers etc.
• This scheme has a simple and flexible procedure to meet the needs such as post-harvest expenses, maintenance of farm assets, marketing loan and so on.
• The farmers should be land owners or should have leased or share copper to get this scheme.