Which of the following financial institutions is not authorized to provide Kisan Credit Card (KCC) loans?

Correct option is E

The Kisan Credit Card (KCC) scheme aims to provide timely and flexible credit to farmers for agricultural and allied activities such as crop production, equipment purchase, and other rural needs.

The following institutions are authorized to issue KCC loans:

• Public Sector Banks

• Private Sector Banks

• Regional Rural Banks (RRBs)

• Cooperative Banks

However, Payments Banks are not permitted to offer KCC loans or any other credit facilities, as their operations are limited to accepting deposits (up to ₹2 lakh per customer) and providing payment and remittance services.