Under the PM-KISAN Yojana, how much financial assistance is provided to eligible farmers annually?
Show answer & explanation
Correct answer: B
Explanation
Correct Answer: ₹6,000
Explanation
Under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Yojana, eligible landholding farmer families across India are provided with a total financial assistance of ₹6,000 annually. The central government introduced this direct income support scheme to supplement the financial needs of farmers in procuring various inputs related to agriculture and allied activities, ensuring proper crop health and appropriate yields.
The total annual amount of ₹6,000 is not given as a lump sum but is divided into three equal installments of ₹2,000 every four months. The funds are transferred 100% directly from the Central Government online into the verified bank accounts of the beneficiaries via the Direct Benefit Transfer (DBT) mode. To ensure seamless delivery and eliminate middlemen, the scheme utilizes Aadhaar-authenticated biometric records, digitized land ownership data, and mandatory e-KYC verifications.
Key Points
PM-KISAN is a Central Sector Scheme that is fully funded (100%) by the Government of India and became operational on December 1, 2018.
A 'farmer family' under the scheme is structurally defined to include the husband, wife, and minor children who collectively own cultivable land as per the land revenue records of the respective State or Union Territory.
Certain high-income categories are strictly excluded from the scheme, such as institutional landholders, income tax payers, serving or retired government employees, constitutional post holders, and professionals like doctors, engineers, and lawyers.
Important Questions and Answers
Question: How many times a year are the monetary installments credited to a beneficiary's account under the PM-KISAN framework?
Answer: The installments are credited three times a year, with an interval of every four months.
Question: Which central government ministry handles the absolute policy formulation and database execution of the PM-KISAN scheme?
Answer: The Ministry of Agriculture and Farmers Welfare handles the scheme.