Understanding the Kisan Credit Card (KCC) Scheme Update
The Kisan Credit Card (KCC) scheme is a vital initiative by the Indian government to provide institutional credit to farmers. It aims to meet the short-term credit requirements for farming activities, including the purchase of inputs like seeds, fertilizers, and pesticides, as well as other expenses.
KCC Scheme Loan Limit in Union Budget 2025-26
The Union Budget 2025-26 introduced specific updates regarding the KCC scheme. A key announcement relates to the enhancement of the loan limit available under this facility.
As per the provisions announced in the Union Budget 2025-26, the new loan limit under the Kisan Credit Card (KCC) scheme has been set at 5 Lakh.
Analysis of Options
Let's review the provided options in light of the budget announcement:
- Option 1: 5 Lakh - This aligns with the announcement regarding the new loan limit.
- Option 2: 4 Lakh - This is lower than the announced limit.
- Option 3: 3 Lakh - This is also lower than the announced limit.
- Option 4: 6 Lakh - This is higher than the announced limit.
Conclusion
Based on the information from the Union Budget 2025-26, the enhanced loan limit under the Kisan Credit Card (KCC) scheme is 5 Lakh.
Important Questions from Budget
The first Economic Survey of India was presented in ______.
The Union Budget 2018 allocated ₹ 5,750 crore to ______
Which of the following suggestions to the Government about commercial lawsuits is indicated within the 2017-18 economic survey of India?
As per Economic Survey 2020-21, from the year ______ infant mortality rates declined by 12% for states that did not adopt the 'Ayushman Bharat Pradhan Mantri Jan Arogya Yojana' (AB-PMJAY).
In which budget was the policy of LERMS announced?
