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 institutions?

Explanation

To provide farmers with affordable short-term crop loans, the Government of India runs the Interest Subvention Scheme (ISS) and an additional scheme for the Prompt Repayment Incentive (PRI). For transparent and faster settlement of claims, the Kisan Rin Portal (KRP) was launched in 2023. Before the launch of KRP, manual claims of interest subvention (IS) and prompt repayment incentive (PRI) were sent to the Reserve Bank of India (RBI) and NABARD. It is noteworthy that technically, farmers themselves did not directly send these claims to RBI or NABARD; rather, based on the loans given to farmers, banks sent these claims to RBI and NABARD. Therefore, the statement in the question that “farmers… submitted manual claims” is not technically correct. ## Page 12