SSC CHSL 2025 PYQ — Question 93

The correct answer is Option 3: 1998.
Explanation:

• The Kisan Credit Card (KCC) scheme was launched in August 1998. It is a significant initiative aimed at providing short-term credit to Indian farmers.
• Background: This scheme was formulated based on the recommendations of the R.V. Gupta Committee.
• Objective: To provide timely and adequate credit support to farmers for their farming requirements (such as purchasing seeds, fertilizers, and pesticides) and for other incidental expenses related to agriculture.
• Implementation: The scheme is implemented by Commercial Banks, Regional Rural Banks (RRBs), and Cooperative Banks. Its overall management is overseen by NABARD.

Key Features of the KCC Scheme:

• Coverage: It covers not only farming activities but also animal husbandry, fisheries, and post-harvest expenses.
• Interest Rate: Farmers receive loans at a very low interest rate (typically 4% if repaid on time).
• Insurance: KCC holders are also eligible for Personal Accident Insurance and Crop Insurance (PMFBY).
• Tenure: The credit limit under the KCC remains valid for a period of 5 years, subject to an annual review.

Additional Information (Important for Exams):

• Name of the Committee: R.V. Gupta Committee (1998).
• Expansion: In the 2018-19 budget, the KCC scheme was expanded to cover the animal husbandry and fisheries sectors as well.
• Convenience: Currently, there is a strong emphasis on digitizing the KCC and issuing it in the form of a smart card, enabling farmers to withdraw cash from ATMs.

Potential Questions for Upcoming Exams:
Question: On the recommendation of which committee was the KCC scheme launched?
Answer: R.V. Gupta Committee.
Question: Which institution is primarily responsible for the implementation of the KCC scheme?
Answer: NABARD. Question: Is the KCC also available for animal husbandry and fisheries?
Answer: Yes, it has been introduced for these sectors as well since 2018-19.