With respect to Kisan Credit Card, which of the following statements is/are true?

  1. Kisan Credit Card scheme is implemented by public sector banks, private commercial banks, RRBs and cooperative banks.
  2. Kisan Credit Card loans can be used for only purchasing farm inputs; no personal consumption purchases are allowed.
  3. Each withdrawals is to be repaid within a maximum period of 12 months
  4. Kisan Credit Card holders are covered by a personal accident insurance

Select the correct option from the codes given below:

Answer: [D] 1, 3 & 4

Kisan Credit Card loans can be used for only purchasing farm inputs (seeds, fertilizers) as well as personal consumption and contingency needs. 

This question is a part of GKToday's Integrated IAS General Studies Module