Economics • Indian EconomyEasy
What is the primary objective of the 'PM-KISAN' scheme administered by the Ministry of Agriculture and Farmers Welfare?
A. Providing free electricity connections to rural agricultural pump sets
B. Providing income support of a fixed annual amount transferred directly to the bank accounts of eligible farmer families✓ Correct Answer
C. Insuring all growing crop yields against unseasonal rainfall and pest infestations
D. Establishing regulated wholesale agricultural markets in remote tribal districts
💡 Solution & Explanation
Pradhan Mantri Kisan Samman Nidhi provides income support of six thousand rupees per year, payable in three equal installments, directly to the bank accounts of eligible farmer families across the country. Electricity subsidies are handled through distinct state-level power sector initiatives. Crop insurance falls under the Pradhan Mantri Fasal Bima Yojana. Agricultural market regulation is coordinated through electronic national agricultural market trading platforms.
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