Which of the following schemes provides annual income support to farmers directly into their bank accounts?
Show answer & explanation
Correct answer: B
Explanation
Answer: PM-KISAN
Explanation
The scheme that provides direct annual income support to farmers is PM-KISAN.
Under this scheme, eligible farmers receive ₹6,000 per year
The amount is transferred directly into their bank accounts in 3 equal installments (₹2,000 each)
It follows a Direct Benefit Transfer (DBT) system to ensure transparency
This scheme aims to support farmers’ basic financial needs and reduce dependence on informal credit.
Additional Key Points
Launched in 2019 by the Government of India
Covers small and marginal farmers (subject to eligibility rules)
Implemented by the Ministry of Agriculture & Farmers
Welfare
One of the largest DBT-based income support schemes in the world
Helps in improving rural liquidity and agricultural stability
Potential Questions & Answers
Q. Which ministry implements PM-KISAN scheme?
Ans: Ministry of Agriculture & Farmers Welfare
Q. What type of transfer system is used in PM-KISAN?
Ans: Direct Benefit Transfer (DBT)