Economics • Indian EconomyEasy
What does the 'PM-KISAN' (Pradhan Mantri Kisan Samman Nidhi) scheme guarantee to eligible farmer families in India?
A. An income support of ₹6,000 per year in three equal installments directly into their bank accounts✓ Correct Answer
B. Interest-free agricultural credit up to ₹3 Lakh through Kisan Credit Cards
C. Free electricity and subsidized diesel for operating tube wells and farm machinery
D. Minimum Support Price (MSP) assurance backed by a legal statutory guarantee
💡 Solution & Explanation
The Pradhan Mantri Kisan Samman Nidhi scheme provides direct financial support of six thousand rupees annually to landholding farmer families across India, disbursed in three equal installments. This central sector welfare initiative transfers funds directly into beneficiary bank accounts through Aadhaar-seeded databases to eliminate leakages. It aims to supplement the financial needs of farmers for procuring agricultural inputs and managing domestic expenses.
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