Mains Paper II · 1 Indian Economy · 1.12 Agriculture and rural economy

1.12.9 Agricultural credit and crop insurance: KCC, interest subvention, NABARD and PMFBY

Rural credit grew from cooperatives to banks, RRBs and NABARD, and today the Kisan Credit Card with interest subvention and PMFBY crop insurance are the main farm-finance tools.

  • APPSC Group 2 · Mains Paper II
  • Advanced level
  • 6 min read
  • Full course

Key terms

  • rural credit
  • PACS
  • RRB
  • NABARD
  • Lead Bank Scheme
  • Kisan Credit Card
  • interest subvention
  • priority sector
  • PMFBY
  • crop insurance

What this note covers

  1. Core factsFoundation
  2. ExplainedStandard
  3. DeeperAdvanced
  4. Mains writingMains writing
  5. Common trapsFoundation
  6. Quick revisionFoundation

Read the full note in the app. It is part of the APPSC Group 2 full course in Medha AI. Free in the app: the first chapter of each topic.

Read the full note in the app Indian Economy questions with answers

All Agriculture and rural economy notes · APPSC Group 2 syllabus · APPSC G2 Prelims Mock 1 with answers · Start free

Medha AI writes its own notes and checks them against the sources listed. Medha AI is an independent preparation service. It is not affiliated with, endorsed by or connected to APPSC, TSPSC, MPSC, UPSC or any other commission or government body.