Economics • Indian EconomyEasy
What is the core objective of the 'PM-KISAN' (Pradhan Mantri Kisan Samman Nidhi) scheme?
A. To provide minimum support prices directly deposited into bank accounts during crop failure.
B. To provide income support of a fixed annual amount directly to the bank accounts of all eligible landholding farmer families.✓ Correct Answer
C. To waive off all institutional agricultural loans availed by small and marginal farmers.
D. To provide free electricity for agricultural pump sets across rural districts.
💡 Solution & Explanation
Pradhan Mantri Kisan Samman Nidhi is a central sector scheme launched in 2019 that provides income support of six thousand rupees per year in three equal installments directly to the bank accounts of all eligible landholding farmer families. Distinguishing this from loan waivers or minimum support price mechanisms is crucial, as the scheme targets direct income supplementation rather than market price interventions or debt relief.
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