Current Affairs · Kisan Credit Card Guidelines

Consider the following statements regarding the Kisan Credit Card (KCC) scheme: Statement I: The KCC limit for the first year is determined by the scale of finance for the crop plus 10 percent of the limit towards post-harvest, household, and consumption requirements, plus 20 percent of the limit towards repairs and maintenance of farm assets. Statement II: The KCC is a revolving credit facility where the interest is charged only on the utilized amount and the repayment period is strictly fixed at 36 months for all types of crops regardless of the harvesting season. Statement III: Banks are mandated to provide a personal accidental insurance scheme (PAIS) to KCC holders covering risks like death or permanent disability, with the premium burden shared between the bank and the farmer. Which of the following statements are correct?