RAS question
How many KCC accounts exist in India as of the MSP announcement?
Correct answer: (B) Over 7.75 crore.
India had 7.75 crore operational Kisan Credit Card accounts as of March 2024, according to the Economic Survey 2024-25 cited by PIB.
Explanation
India had 7.75 crore operational Kisan Credit Card accounts as of March 2024, according to the PIB release summarising the Economic Survey 2024-25. Over 7.75 crore is the closest substantive choice because it matches the reported count instead of using a broad lower threshold. The same PIB note places KCC within agricultural credit support, saying adequate credit for farmers, especially small and marginal farmers and vulnerable sections, is important for agricultural productivity and income. The key RAS economy fact is the headline national KCC account count, not a general statement that the number is merely above a smaller base.
Why the other options are wrong
- (A) Over 5 crore is too broad because India had 7.75 crore operational KCC accounts as of March 2024.
- (C) Over 10 crore overstates India's 7.75 crore operational KCC accounts as of March 2024.
- (D) Over 12 crore is still farther from India's 7.75 crore operational KCC accounts as of March 2024.
Concept
Agricultural credit under Indian Economy includes the scale of institutional credit access through Kisan Credit Cards. Such figures recur in RAS because current economic surveys and government credit schemes are frequently used to frame economy MCQs.