Q. 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?
a) Ministry of Agriculture and Farmers Welfare and NABARD
b) Reserve Bank of India and NABARD
c) National Payments Corporation of India and Reserve Bank of India
d) More than one of the above
Correct Answer: a)
Question from BPSC PT 71, 2025
Correct Answer: a)
Explanation:
Before the Kisan Rin Portal launch, farmers submitted manual claims for Interest Subvention and Prompt Repayment Incentive schemes through their banks. These claims were then processed and overseen by both the Ministry of Agriculture and Farmers Welfare (as the nodal ministry) and NABARD (which handles reimbursements for Cooperative Banks and Regional Rural Banks, while RBI handles commercial banks).
