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?
Detailed Explanation:
Kisan Rin Portal (KRP) digitized the manual claims submission process for Interest Subvention and Prompt Repayment Incentive schemes.
Before KRP's launch in September 2023, scheduled commercial banks submitted manual claims to Reserve Bank of India (RBI), while cooperative banks and Regional Rural Banks (RRBs) submitted to NABARD.
The manual system caused delays, duplication, and lack of transparency; KRP now provides a single online portal for all banks.
Question 4 of 26 Central Schemes
Practice PYQ questions from this topic across all years
Which state had the highest constructed road length under Bharatmala Pariyojana as of...
Match List-I with List-II List-I List-II a) Perform, Achieve and Trade...