With reference to the PM Kisan Samman Nidhi Yojana, consider the following statements: 1. The scheme provides insurance coverage and offer loans at subsidized rates to farmers. 2. Ministry of Agriculture and Farmers Welfare is responsible for the implementation of the scheme. 3. Institutional landholders are not eligible for benefits under the scheme. How many of the statements given above are correct? |ForumIAS

Q. With reference to the PM Kisan Samman Nidhi Yojana, consider the following statements:
1.The scheme provides insurance coverage and offer loans at subsidized rates to farmers.
2.Ministry of Agriculture and Farmers Welfare is responsible for the implementation of the scheme.
3.Institutional landholders are not eligible for benefits under the scheme.
How many of the statements given above are correct?

[A] Only one

[B] Only two

[C] All three

[D] None

Answer: B

Notes:

Explanation –

Statement 1 is incorrect. The PM Kisan Samman Nidhi Yojana provides financial support of Rs. 6,000 annually to eligible farmers, disbursed in three equal installments of Rs. 2,000 each.

Statements 2 and 3 are correct. The Ministry of Agriculture and Farmers Welfare is responsible for the implementation of the PM Kisan Samman Nidhi Yojana. Institutional landholders are excluded from receiving benefits under the PM Kisan Samman Nidhi Yojana. The scheme targets individual small and marginal farmers, not institutions holding land.

Source: AIR

Post-Mains Strategy Session by Mr. Ayush Sinha | ForumIAS