Economics • Indian EconomyEasy
What is the primary purpose of the 'PM-KISAN' (Pradhan Mantri Kisan Samman Nidhi) scheme launched by the Government of India?
A. Providing subsidized chemical fertilizers directly to landowners
B. Providing income support of a fixed annual amount to all eligible farmer families across the country✓ Correct Answer
C. Offering collateral-free crop insurance against natural calamities
D. Waiving all cooperative bank loans for marginal farmers
💡 Solution & Explanation
The PM-KISAN scheme operates as a central sector initiative that transfers an annual income support of six thousand rupees directly into the bank accounts of eligible landholding farmer families in three equal installments. Unlike crop insurance schemes that mitigate natural calamity losses, PM-KISAN focuses strictly on supplementing financial needs for procuring agricultural inputs.
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