Gopal Credit Card Yojana MCQ - Practice Questions with Answers

The credit is tied to animal husbandry: it may fund milch animals, fodder and feed, cattle sheds, water tanks or feeding troughs, dairy and fodder-cutting equipment, and veterinary care. A private passenger car has no place in this stated list, making option A incorrect as a use.

Exactly three statements are correct. Statements 1, 3 and 4 match the design: the Cooperative Department administers it, timely repayment leaves the borrower at 0% interest through state subvention, and no processing fee applies. Statement 2 reverses the rule because the loan is collateral-free.

The scheme provides an eligible dairy or cattle-rearing family a short-term loan of up to ₹1,00,000 for animal-husbandry needs. The amount is a maximum ceiling, not a fixed grant, and it remains interest-free to the borrower only when repayment is made on time.

Both statements are correct. The loan is not structured as equal monthly instalments; it is settled within one year of disbursal as one short-term working-capital cycle. A borrower who completes repayment on time remains eligible for card renewal and a fresh loan in the following year.

The ordinary eligibility route joins three conditions: the applicant lives in rural Rajasthan, is engaged in dairy, and both belongs to a Primary Milk Producer Cooperative Society and supplies milk to that society. Jan Aadhaar and Aadhaar are also mandatory for the application process; mere cattle ownership is insufficient.