Correct option is B
The
Kisan Credit Card (KCC) scheme was launched in the year
1998 with the objective of providing timely credit support to farmers. The scheme was designed to meet the
short-term and production credit needs of farmers for agriculture and allied activities. Therefore, the correct year of introduction of the KCC scheme is
1998, which marked an important reform in agricultural credit delivery.
Information booster: The KCC scheme was introduced by the
Government of India and implemented through
commercial banks, cooperative banks, and RRBs. It helps farmers reduce dependence on
moneylenders and promotes access to
institutional credit at reasonable interest rates.
Why other options are incorrect: (a)
2000 is incorrect because the KCC scheme was already in operation before this year. (c)
1948 is historically unrelated to the introduction of agricultural credit card systems in India. (d)
1988 does not match the officially recorded year of launch of the KCC scheme.