Choose the given statement is true/false:
The full form of KCC is Kisan credit card.

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Detailed Solution

The above statement is true.
The Kisan credit card scheme is a Government of India scheme that provides farmers with timely access to credit. NABARD (National Bank for Agriculture and Rural Development) devised the Kisan Loans Card (KCC) scheme, which was introduced in 1998 and offers farmers short-term formal credit . The KCC scheme was introduced to confirm that the credit necessities of farmers in the agriculture, fisheries, and poultry sectors were being met. This was done by helping them avail of short-term loans and providing them with a credit limit to buy farm equipment and their different expenses. Farmers that use KCC are also excluded from paying the high interest rates associated with normal bank loans.KCC starts as low as two and averages at four-dimensional. With the help of this scheme, farmers will repay their loans by looking at the harvesting period of the crop.

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