Under the Kisan Credit Card scheme, short-term credit support is given to farmers for which of the following purposes?

1. Working capital for maintenance of farm assets.
2. Purchase of combine harvesters, tractors and mini trucks
3. Consumption requirements of farm households
4. Post-harvest expenses
5. Construction of family house and setting up of village cold storage facility Select the correct answer using the code given below:

The Kisan Credit Card (KCC) Scheme aims to provide short-term credit support to farmers.

Key objectives and purposes include:

• Meeting short-term credit requirements for cultivation of crops.
• Covering post-harvest expenses.
• Providing produce marketing loans.
• Addressing the consumption requirements of the farmer's household.
• Supplying working capital for the maintenance of farm assets and allied agricultural activities (e.g., dairy, inland fishery).

The KCC scheme primarily focuses on short-term credit needs and working capital rather than long-term investments like purchasing heavy machinery or constructing infrastructure.

Therefore:

• Working capital for maintenance of farm assets (Statement 1 is correct).
• Purchase of combine harvesters, tractors, and mini trucks (Statement 2 is incorrect).
• Consumption requirements of farm households (Statement 3 is correct).
• Post-harvest expenses (Statement 4 is correct).
• Construction of a family house and setting up a village cold storage facility (Statement 5 is incorrect).

Hence, only statements 1, 3, and 4 are correct.

Sources:

• RBI - Kisan Credit Card Scheme
• SBI - Kisan Credit Card