economics easy Fill in the Blank

The Kisan Credit Card (KCC) scheme, which provides farmers with timely access to credit for agricultural needs, was introduced in the year ___.

  1. government spending (or autonomous expenditure)
  2. banks
  3. inflation
  4. 1998

Answer: 1998

The KCC scheme was launched in 1998 based on the recommendations of the R.V. Gupta Committee. It revolutionized rural credit by providing flexible, low-cost working capital loans to farmers, reducing their dependence on exploitative informal moneylenders and ensuring timely availability of seeds, fertilizers, and pesticides.

Topic Indian Economy - Rural Credit
Exam Relevance SSC, Railway, Banking
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