Kisan Credit Card: GK, Current Affairs, Questions, Trivia and News

PM to launch Third Installment of PM KISAN

The Prime Minister of India, Narendra Modi will be on a two-day visit to Karnataka from Thursday, 2nd January 2019.  The Prime Minister’s visit to the state will commence at Tumkur district where he will offer his prayers at the Lingayat matha, Sree Siddaganga Matha. At the matha, the foundation stone will be laid by ..

Improving credit flow to potential borrowers

In the modern-day of increasing globalization, global economic trends are also being picked up in India. While at one time, Indians were hesitant to borrow money for heads apart from the house, car or education which were comparatively long term and had tangible outcomes, modern living and rising standards of living mean that Indians are ..

Is India heading towards another financial crisis?

The 2008 financial crisis brought the world to a standstill. Even India was not immune from the impact of the crisis. But the impact was limited. The aftermath effects of the crisis continued to haunt India for a longer period of time. The dark clouds of another financial crisis are looming large over India. Why ..

Union Cabinet’s approval to interest subsidy for farmer loans

The Union Cabinet has given its approval to continue interest subsidy to Public Sector Banks (PSBs), Regional Rural Banks (RRBs), Cooperatives Banks and NABARD allowing them to grant short-term crop loans of up to Rs 3 lakhs to farmers at 7% p.a. during the year 2012-13. A surplus interest subsidy of 3% p.a. will also ..

Kisan Credit Card Scheme

The aim of Kisan Credit Card Scheme (KCC) is to provide adequate and timely support from the banking system to the farmers for their short-term credit needs during their cultivation for purchase of inputs etc., during the cropping season. Credit card scheme proposed to introduce flexibility to the system and improve cost efficiency. Memorable Points:1. ..