Economics • Indian EconomyEasy
What is the main objective of the 'PM-KISAN' scheme launched by the Government of India?
A. To provide free electricity for tube wells to all marginal farmers
B. To provide income support of a specified amount directly to the bank accounts of all landholding farmer families✓ Correct Answer
C. To waive off all agricultural loans taken from commercial and cooperative banks
D. To insure crop yields against natural calamities with zero premium from farmers
💡 Solution & Explanation
The PM-KISAN scheme is a central sector initiative launched to provide assured income support of six thousand rupees per year, disbursed in three equal installments directly into the Aadhaar-seeded bank accounts of eligible landholding farmer families. Unlike crop insurance schemes, this provides direct cash transfers rather than risk mitigation. It serves as a major fiscal intervention for rural welfare in India.
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