Paper I · 6 Indian Economy & Planning · 6.5.1 Agriculture and rural economy

6.5.1.9 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 Paper I · Paper I
  • 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

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