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 Union Budget 2021–22 has recommended a voluntary scrapping policy for vehicles based on fitness tests after a period of ______ years for personal vehicles.
______ expenditure and ______ receipts are shown by the government budget.
The Social Justice and Empowerment Ministry of India, which caters to the welfare of the backward classes and those with disabilities, saw _______ increase in the allocation in the Union Budget 2022 - 23.
The first Economic Survey of India was presented in ______.
The Union Budget 2018 allocated ₹ 5,750 crore to ______
