Q. Consider the following statements regarding “PM Kisan Scheme”:
1.It is a Central Sponsored Scheme to supplement the financial needs of land-holding farmers.
2.The financial benefit of ₹6,000 per year is transferred into the bank accounts of farmer families through DBT.
Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: B
Notes:

Explanation: PM KISAN Scheme is a Central Sector Scheme to supplement the financial needs of land-holding farmers.

  • The financial benefit of ₹6,000 per year is transferred into the bank accounts of farmer families through DBT. It is one of the largest DBT schemes in the world.
  • About 11.3 crore farmers were covered under the Scheme in its April-July 2022-23 payment cycle.
  • The Scheme, through a span of over 3 years, has successfully provided assistance of more than Rs. 2 lakh crore to crores of needy farmers.

Source: Economic Survey 2023