Agricultural Schemes & PM Kisan — Set 4
Indian Agriculture · कृषि योजनाएं और PM किसान · Questions 31–40 of 80
Under PM-KISAN, what is the financial benefit given per installment to eligible farmers?
Correct Answer: C. ₹2,000
Under PM-KISAN, farmers receive ₹2,000 per installment, and there are three installments per year totaling ₹6,000. The installments are released in the periods April-July, August-November, and December-March of each financial year. The money is directly credited to the bank accounts of eligible beneficiary families through DBT.
The Kisan Credit Card (KCC) scheme was introduced in which year?
Correct Answer: C. 1998
The Kisan Credit Card (KCC) scheme was introduced in 1998 based on the recommendations of the R. V. Gupta Committee and was formulated by NABARD. The scheme was designed to provide adequate and timely credit support from the banking system under a single window mechanism. Over the years, the scheme has been extended to cover allied activities like animal husbandry and fisheries.
What is the full form of CACP in the context of Indian agricultural policy?
Correct Answer: B. Commission for Agricultural Costs and Prices
CACP stands for Commission for Agricultural Costs and Prices, which is an advisory body established in 1965 under the Ministry of Agriculture and Farmers' Welfare. It recommends MSP for 23 mandated crops including 14 Kharif crops, 6 Rabi crops, and 2 other commercial crops. CACP also recommends prices for sugarcane under the Fair and Remunerative Price (FRP) system.
PMFBY (PM Fasal Bima Yojana) replaced which earlier crop insurance scheme?
Correct Answer: B. National Agricultural Insurance Scheme (NAIS)
PMFBY replaced the National Agricultural Insurance Scheme (NAIS) and Modified NAIS (MNAIS) when it was launched in 2016. The earlier schemes had limitations like high premium rates, delays in claim settlement, and poor farmer awareness. PMFBY improved upon these shortcomings by capping farmer premium, using technology for faster claim settlement, and providing comprehensive coverage against all non-preventable natural risks.
AIDE app is associated with which government scheme?
Correct Answer: B. PM Fasal Bima Yojana (PMFBY)
The AIDE (Agriculutre Insurance Data Exchange) app is associated with PM Fasal Bima Yojana (PMFBY) and is used for crop loss assessment in the field. It helps crop cutting experiment (CCE) personnel upload data and photos of crop damage directly from the field. The app facilitates faster and more accurate claim settlement under PMFBY by enabling real-time data collection.
National Livestock Mission (NLM) was launched to develop which sector?
Correct Answer: B. Livestock including cattle, poultry, and small animals
National Livestock Mission (NLM) was launched in 2014-15 to focus on sustainable development of livestock sector covering cattle, buffalo, goat, sheep, pig, poultry, and equine. The mission aims at sustainable development and continuous growth in production of meat, eggs, milk, and wool. NLM provides support for breed development, risk management, and extension services in the livestock sector.
Animal Husbandry Infrastructure Development Fund (AHIDF) was set up with how much corpus?
Correct Answer: C. ₹15,000 crore
Animal Husbandry Infrastructure Development Fund (AHIDF) was established in June 2020 with a total corpus of ₹15,000 crore to promote investments in dairy, meat processing, and animal feed infrastructure. The fund provides 3% interest subvention on loans to eligible beneficiaries including individual entrepreneurs, private companies, and farmer producer organizations. It was part of the Aatmanirbhar Bharat package to boost the animal husbandry sector.
Which scheme provides interest subvention of 2% to farmers on short-term crop loans up to ₹3 lakh?
Correct Answer: C. Interest Subvention Scheme for Short-term Crop Loans
The Interest Subvention Scheme (ISS) for Short-term Crop Loans provides an interest subvention of 2% per annum to banks on short-term crop loans up to ₹3 lakh at a ground-level interest rate of 7%. An additional 3% subvention is provided for prompt repayment, reducing the effective interest rate to 4% for timely repaying farmers. The scheme is implemented through commercial banks, RRBs, cooperative banks, and NABARD.
The Soil Health Card Scheme was launched in which year?
Correct Answer: C. 2015
The Soil Health Card Scheme was launched on February 19, 2015, by Prime Minister Narendra Modi at Suratgarh in Rajasthan. The scheme aims to provide every farmer with a Soil Health Card once every two years to help them understand the nutrient status of their soil. Based on the card, farmers can apply the right quantity and type of fertilizers to improve soil health and crop productivity.
What does RIDF stand for in the context of NABARD's operations?
Correct Answer: A. Rural Infrastructure Development Fund
RIDF stands for Rural Infrastructure Development Fund, which was established within NABARD in 1995-96 to provide low-cost funds to state governments for completion of ongoing rural infrastructure projects. The fund covers infrastructure related to agriculture, rural connectivity, social sector, etc. Commercial banks are required to contribute to RIDF if they fall short of their priority sector lending targets.