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The Pradhan Mantri Kisan Samman Nidhi sc...

The Pradhan Mantri Kisan Samman Nidhi scheme, announced in the Interim Budget 2019, aims at:

A

providing life insurance for small and marginal farmers

B

ensuring effective implementation of minimum support prices for the edible crops.

C

providing medical insurance for small farmers families

D

ensuring minimum income for farmers families who own up to two hectare of cultivable land.

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Verified by Experts

The correct Answer is:
A

Explanation- In this scheme, Rs 6,000 per year will be paid to each eligible farmer in three instalments and will be deposited directly to their bank accounts.
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Statement : Prime Minister Narendra Modi on February 24 will launch the Rs 75,000-crore Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme in Gorakhpur, Uttar Pradesh, by transferring the first of the three installments of Rs 2,000 each to over one crore farmers having cultivable land up to two hectares. Another one crore farmers will be covered in the next 2-3 days. Assumptions: I. The central government had announced the PM-KISAN scheme under which Rs 6,000 per year will be given in three installments to small and marginal farmers holding cultivable land up to two hectares. II. The scheme has been made effective from this fiscal itself and as a result, farmers would get one installment before March-end. This programme is part of the government's effort to address farm sector distress. III. To provide an assured income support to the small and marginal farmers, the government is launching the Pradhan Mantri Kisan Samman Nidhi (PM- KISAN).

Under the proposed Pradhan Mantri Kisan Samman Nidhi, vulnerable landholding farmer families, having cultivable land up to 2 hectares, will be provided direct income support at the rate of_______.

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