Before the launch of Kisan Rin Portal (KRP), farmers used to submit manual claims under the Interest Subvention and Prompt Repaym…

Question

Before the launch of Kisan Rin Portal (KRP), farmers used to submit manual claims under the Interest Subvention and Prompt Repayment Incentive schemes to which of the following institution/s?

1. A. Ministry of Agriculture and Farmers Welfare and NABARD
2. B. Reserve Bank of India and NABARD (Correct answer)
3. C. National Payments Corporation of India and Reserve Bank of India
4. D. More than one of the above

Correct Answer

Option B — Reserve Bank of India and NABARD

Detailed Solution & Explanation

The correct answer is Reserve Bank of India and NABARD.

Key Points

• Before the launch of the Kisan Rin Portal (KRP), banks submitted manual claims under the Interest Subvention Scheme (ISS) and the Prompt Repayment Incentive (PRI) to the Reserve Bank of India (RBI) and the National Bank for Agriculture and Rural Development (NABARD).
• The Kisan Rin Portal, launched in 2023 by the Ministry of Agriculture and Farmers' Welfare, digitised this entire process.
• It provides a unified view of farmer data, loan disbursement, interest subvention claims and scheme utilisation, integrating with the Kisan Credit Card (KCC) system and PM-KISAN.
• Under the Modified Interest Subvention Scheme, farmers receive short-term crop loans up to ₹3 lakh at an effective interest rate of 4% when they repay promptly.

Exam Tip

• remember the KCC concessional structure — 7% base rate, 3% prompt repayment incentive, 4% effective rate — which is asked in almost every agricultural-credit question.

प्रश्न (हिन्दी में)

किसान ऋण पोर्टल (केआरपी) के शुभारंभ से पहले, किसान ब्याज अनुदान और शीघ्र पुनर्भुगतान प्रोत्साहन योजनाओं के तहत मैन्युअल दावे निम्नलिखित में से किस संस्थान को प्रस्तुत करते थे?

1. A. कृषि और किसान कल्याण मंत्रालय और नाबार्ड
2. B. भारतीय रिजर्व बैंक और नाबार्ड
3. C. भारतीय राष्ट्रीय भुगतान निगम और भारतीय रिजर्व बैंक
4. D. उपरोक्त में से एक से अधिक