PM Modi Sanctions 17th PM-KISAN Instalment, Aiding 9.3 Crore Farmers

Current Context: Prime Minister Narendra Modi has sanctioned the 17th installment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, benefiting approximately 9.3 crore farmers across India.

• The PM-KISAN scheme, launched in December 2018, aims to provide financial support to small and marginal farmers, ensuring they have the necessary funds to manage their agricultural activities.
• Under the PM-KISAN scheme, eligible farmers receive Rs. 6,000 annually in three equal installments of Rs. 2,000 each.
• These payments are directly transferred to the beneficiaries' bank accounts to ensure transparency and reduce the risk of corruption.
• The release of the 17th installment is a significant step towards bolstering the rural economy and supporting farmers, who are crucial to India's agrarian-based economy.
• This financial aid is expected to help farmers manage their farming expenses, buy seeds, fertilizers, and other necessary inputs, and thus improve their productivity and income.
• For farmers to benefit from the scheme, they must complete the e-KYC process and ensure their bank accounts are linked with their Aadhaar numbers.
• The government has been working to streamline the process and address any issues farmers face in receiving payments.

Question:

1 How much financial assistance do eligible farmers receive annually under the PM-KISAN scheme?

• A) Rs. 3,000
• B) Rs. 4,000
• C) Rs. 5,000
• D) Rs. 6,000

Answer: D) Under the PM-KISAN scheme, eligible farmers receive Rs. 6,000 annually in three equal installments of Rs. 2,000 each.