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?

Ministry of Agriculture and Farmers Welfare and NABARD

Reserve Bank of India and NABARD

National Payments Corporation of India and Reserve Bank of India

More than one of the above

APEDIA

BPSC Prelims

2025 • 13 Sep, 2025 • General

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?

Correct Answer

Reserve Bank of India and NABARD

Pre-Digitization: Before the unified KRP, the process was manual and fragmented. Nodal Agencies: The Reserve Bank of India (RBI) and NABARD were the key instit......

💡 Analysis & Explanation

Pre-Digitization ▼

Before the unified KRP, the process was manual and fragmented.

Nodal Agencies ▼

The Reserve Bank of India (RBI) and NABARD were the key institutions handling interest subvention claims from banks.

Issue ▼

This led to delays and lack of transparency.

Solution ▼

KRP integrates these to offer a single view.

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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?