Livestock Credit Card Challenge Quiz

Explore key facts about the Pashu Kisan Credit Card scheme and its role in supporting animal husbandry farmers in India. Assess your understanding of eligibility, benefits, processes, and features relevant to livestock owners.

1. Eligibility for Pashu Kisan Credit Card

   Who is eligible to apply for the Pashu Kisan Credit Card under the animal husbandry scheme in India?

   1. Individuals engaged in animal husbandry or dairy farming
   2. Factory workers in non-agricultural sectors
   3. Urban business owners
   4. International livestock traders

   Explanation: Only individuals involved in animal husbandry or dairy farming are eligible, as the scheme is designed for livestock owners and rearers. Urban business owners and factory workers in non-agricultural sectors do not qualify because their professions are not linked to livestock upkeep. International livestock traders are also excluded, as the scheme targets rural Indian farmers.

2. Purpose of the Credit Card

   What is the main purpose of the Pashu Kisan Credit Card for farmers?

   1. To invest in stock markets
   2. To buy luxury vehicles for personal use
   3. To fund overseas travel expenses
   4. To provide easy and affordable credit for purchasing or maintaining livestock

   Explanation: The card aims to offer simple and affordable access to credit for livestock-related expenses, supporting animal health and productivity. It is not intended for unrelated purposes like buying cars, funding travel, or investing in share markets.

3. Loan Limit Criteria

   How is the credit limit determined for applicants under the Pashu Kisan Credit Card scheme?

   1. Applicant's age only
   2. A fixed amount for every applicant
   3. Applicant's gender only
   4. Based on the number and type of animals owned

   Explanation: The loan limit is directly linked to the number and category of animals, reflecting their financial value and upkeep costs. A fixed amount regardless of animals owned, or factors like age or gender, do not meet the scheme's tailored approach.

4. Repayment Flexibility

   Which statement best describes the repayment terms of loans under the Pashu Kisan Credit Card?

   1. No repayment is needed
   2. Immediate repayment is mandatory within one month
   3. Farmers can repay after the sale of milk or livestock products within a flexible period
   4. Repayment is required only after five years

   Explanation: Repayment is designed to be flexible, synchronized with the farmer's income cycle, usually after selling animal products. Mandatory one-month repayment and a five-year delay are inaccurate, and 'no repayment' misrepresents the credit nature.

5. Interest Rate Benefit

   What is a notable feature of the Pashu Kisan Credit Card regarding interest rates?

   1. Interest is charged only on credit cards, not for livestock purposes
   2. The card comes with high, non-negotiable interest rates
   3. There is no need to pay any interest ever
   4. Eligible farmers may receive interest subsidies from the government

   Explanation: Government subsidies can make interest rates lower for eligible farmers, making the scheme financially appealing. The scheme does not involve universally high rates, nor is there zero interest as standard, and all loans (not just credit card purchases) are subject to interest.

6. Application Process

   Which document is typically required when applying for a Pashu Kisan Credit Card?

   1. Voting record in local elections
   2. Subscription to agricultural magazines
   3. Proof of livestock ownership
   4. Passport-sized photo of favorite animal

   Explanation: Applicants must demonstrate they own or rear animals—thus, proof of livestock ownership is essential. Photos of animals, magazine subscriptions, or voting history are not required documents for this scheme.

7. Coverage Beyond Dairy

   Does the Pashu Kisan Credit Card cover livestock other than cows, such as goats or buffaloes?

   1. Only poultry birds are covered
   2. No, it covers only dairy cows
   3. Yes, it includes multiple livestock species like goats and buffaloes
   4. It applies only to pet animals

   Explanation: The scheme is not limited to cows; it extends to other economically important animals such as goats and buffaloes. It does not cover only one livestock type, nor does it apply exclusively to poultry or pet animals.

8. Operational Benefit

   Which operational benefit does the Pashu Kisan Credit Card provide to livestock farmers?

   1. Guaranteed free fodder supply for life
   2. Convenient access to short-term loans for animal-related needs
   3. Compulsory insurance policy purchase
   4. Lifetime waiver of all banking fees

   Explanation: The core benefit is streamlined credit access to cover recurring or unforeseen animal husbandry expenses. Free lifetime fodder, mandatory insurance, or fee waivers are not core features of the scheme.