PPB Module B Unit 16

What is the term for loans repayable up to 18 months?

• Short-term Loan
• Medium-term Loan
• Long-term Loan
• Crop Loan
• Kisan Credit Card

What is the period of credit for medium/long-term loans?

• 12 months
• 24 months
• 36 months
• 48 months
• 60 months

Who is eligible for crop loans?

• Only landowners
• Agriculturists, tenant farmers, and share croppers
• Anyone with a bank account
• Non-farmers
• Only government employees

What is the main objective of the Kisan Credit Card (KCC) scheme?

• To provide free credit cards to farmers
• To offer discounts on farm equipment
• To provide adequate and timely credit support to farmers
• To encourage farmers to switch to organic farming
• To provide insurance for crops

Who is eligible for the KCC scheme?

• Only individual farmers
• Only Joint Liability Groups (JLGs)
• Only women farmers
• Individuals, Joint borrowers, Tenant Farmers, and SHGs
• Anyone with a bank account

How is the short-term loan limit determined for farmers raising a single crop in a year?

• Fixed amount per acre
• Scale of finance x Extent of area cultivated
• Crop insurance amount
• 20% of the total farm income
• Based on the farmer's age

What happens to the short-term loan limit for farmers raising more than one crop in a year?

• It remains the same
• It decreases
• It increases
• It depends on rainfall
• It becomes a long-term loan

What is the Maximum Permissible Limit (MPL) in the Kisan Credit Card (KCC) scheme?

• The limit for the first year
• The short-term loan limit for the 5th year plus the estimated long-term loan requirement
• The maximum limit for crop cultivation
• The maximum limit for term loans
• The minimum limit for crop insurance

How is the KCC card limit divided for short-term cash credit and term loans?

• It is not divided
• It is divided equally
• It depends on the borrower's age
• It depends on the bank's discretion
• It depends on the number of crops grown

What is the repayment period for term loans in the KCC scheme?

• 1 year
• 3 years
• 5 years
• 10 years
• It varies based on the crops