Economics • Indian EconomyEasy
What is the primary aim of the 'PM-KISAN' (Pradhan Mantri Kisan Samman Nidhi) scheme?
A. To provide subsidized chemical fertilizers directly to cooperative societies.
B. To provide income support of a specified annual amount transferred directly to the bank accounts of eligible farmer families.✓ Correct Answer
C. To guarantee minimum support prices for horticulture crops through state procurement agencies.
D. To offer free electricity connections for agricultural tube wells across all states.
💡 Solution & Explanation
Pradhan Mantri Kisan Samman Nidhi is a central sector scheme launched to supplement the financial needs of landholding farmers by transferring income support directly to their bank accounts. Alternative options involving subsidized fertilizers or guaranteed minimum support prices pertain to entirely different administrative mechanisms managed by separate agricultural departments. This scheme fully covers all eligible farmer families across the country regardless of their landholding size, marking a major shift in direct benefit transfers for the rural economy.
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