Evaluate the following statements regarding the Kisan Credit Card (KCC) scheme, designed to provide financial support to farmers for their cultivation and other needs:

1. The KCC scheme was introduced to provide adequate and timely credit to farmers for their cultivation and ancillary needs.
2. The KCC scheme covers only short-term credit requirements of the farmers.
3. The KCC scheme offers both term loans and working capital loans.
4. The interest rate for loans under the KCC scheme is fixed at 2% per annum.
5. The scheme also provides crop insurance coverage to protect farmers against crop loss