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UPSC 2020: Under the ‘Kisan Credit Card’ scheme, for which of the following purposes can farmers avail of short-term credit support? 1. Working capital for maintenance of farm assets 2. Purchase of farm machinery, tractors and mini-tools 3. Consumption requirements of farm households 4. Post-harvest expenses 5. Construction of a house for the family and setting up of cold storage facilities in the village 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
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Not attemptedCorrect Answer: (b) 1, 3 and 4 only
The Kisan Credit Card’s short-term limit covers (1) working capital for farm-asset maintenance, (3) household consumption needs and (4) post-harvest expenses. Heavy machinery purchases (2) and building a house or cold-storage (5) are long-term capital uses and fall outside the short-term KCC facility. Hence only 1, 3 and 4 are admissible. ([drishtiias.com](https://www.drishtiias.com/current-affairs-news-analysis-editorials/news-analysis/20-09-2023/print/manual?utm_source=openai))
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Frequently Asked Questions
What is the correct answer to this UPSC 2020 Indian Economy question?▼
The correct answer is option (b): 1, 3 and 4 only. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this Agriculture & Rural Development question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2020, GS Paper 1, as Question 66. It falls under Indian Economy > Agriculture & Rural Development.
What is the difficulty level of this UPSC question?▼
This question is rated "moderate". It requires sound conceptual understanding of the topic.
How many UPSC Prelims questions have been asked from Agriculture & Rural Development?▼
UPSC has asked 60 questions from Agriculture & Rural Development (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.