- According to the recent notification, the respective beneficiaries must own or lease any fisheries-related assets such as ponds, tanks, open water bodies, raceways, hatcheries, rearing units, etc must possess authorization from their respective states.
- Initially, Kisan Credit Card Scheme was designed for agricultural farmers later this was extended to Animal Husbandry and Fisheries to provide timely credit and meet their capital requirements.
- Those farmers who were KCC holders for fisheries have a credit limit of INR 2 lakh. Interest subvention is also provided at 2% per annum on the timely disbursal of the loan and additional interest subvention at 3% per annum if they do prompt repayment.
- This capital facility is provided for all working capital components in fisheries, including recurring costs towards seed, feed, organic and inorganic fertilizers, lime/other soil conditioners, harvesting and marketing charges, fuel/electricity charges, labor, lease rent, etc.
- Apart from that Experts from the Fisheries and Animal Husbandry departments, will provide technical inputs for assessing the cash credit requirement.
Question:
Q.1 What percentage of Interest is provided under the Kisan credit card scheme if the farmers do prompt repayment?a. 2.5%
b. 3%
c. 3.2%
d. 2%
