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When was the KCC (Kisan Credit Card) scheme introduced ?
  • a)
    1969
  • b)
    1979
  • c)
    1998-99
  • d)
    1987-88
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
When was the KCC (Kisan Credit Card) scheme introduced ?a)1969b)1979c)...
Kisan credit card scheme was introduced in 1998-99.
Providing credit in agricultural sector.
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Community Answer
When was the KCC (Kisan Credit Card) scheme introduced ?a)1969b)1979c)...
Cooperative societies are formal sources of credit because they are regulated entities that pool resources from their members to provide loans and other financial services. Unlike traders, moneylenders, and borrowing from friends and relatives, cooperatives operate under specific legal frameworks and guidelines, making them part of the formal financial system. Thus, option (b) is correct.
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