- Statement 1: Working capital for maintenance of farm assets is a valid purpose for short-term credit under KCC. - Statement 2: Purchase of large farm machinery like combine harvesters, tractors, and mini trucks typically falls under long-term investment credit, not short-term KCC. - Statement 3: Consumption requirements of farm households are included as a component of KCC credit. - Statement 4: Post-harvest expenses are covered under the scheme. - Statement 5: Construction of family house and setting up of village cold storage facilities are long-term investments, not covered by the short-term KCC scheme.
Under the Kisan Credit Card scheme, short-term credit support is given to farmers for which of the following purposes ? Working capital for maintenance of farm assets Purchase of combine harvesters, tractors and mini trucks Consumption requirements of farm households Post-harvest expenses Construction of family house and setting up of village cold storage facility Select the correct answer using the code given below :
Asked in UPSC IAS 2020 · Topic: Agriculture and Allied Sectors (Farm Credit and Insurance Schemes)
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