kisan credit card,PAIS , Providing loans are which type of agricultural reforms
Answers
Answer:
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Explanation:
The Kisan Credit Card (KCC) scheme is a credit scheme introduced in August 1998 by Indian banks. This model scheme was prepared by the National Bank for Agriculture and Rural Development (NABARD) on the recommendations of R.V.GUPTA committee[1] to provide term loans for agricultural needs.
Its objective is to meet the comprehensive credit requirements of the agriculture sector and by 2019 for fisheries and animal husbandry by giving financial support to farmers. Participating institutions include all commercial banks, Regional Rural Banks, and state co-operative banks. The scheme has short term credit limits for crops, and term loans. KCC credit holders are covered under personal accident insurance up to ₹50,000 for death and permanent disability, and up to ₹25,000 for other risk. The premium is borne by both the bank and borrower in a 2:1 ratio. The validity period is five years, with an option to extend for up to three more years. Kisan Credit Card (KCC) offering credit to the farmers in two types viz, 1. Cash Credit 2. Term Credit ( for allied activities such as pump sets, land development, plantation, drip irrigations).
Answer:
The Kisan Credit Card (KCC) scheme is a credit scheme introduced in August 1998 by Indian banks. ... Its objective is to meet the comprehensive credit requirements of the agriculture sector and by 2019 for fisheries and animal husbandry by giving financial support to farmers.
Explanation:
At the homepage, click at the “Download KCC Form” tab present in the main menu. All the interested farmer beneficiaries of PM Kisan Samman Nidhi Scheme can download this KCC form in PDF format. Finally, people can submit the completed Kisan Credit Card application form at the bank itself
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