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Question

In an endeavour to promote door to door digital banking and financial services in remote areas of Jammu Kashmir, J&K Rural Livelihood Mission (JKRLM) has trained 125 women from Self Help Groups as DIGI-Pay Sakhis in 2000 villages under Mission ‘One Gram Panchayat-One DIGI-Pay Sakhi’. Lieutenant Governor, Manoj Sinha, led administration is taking several groundbreaking steps to transform the lives of women of Jammu and Kashmir, especially those living in rural areas by engaging them in gainful livelihood interventions. Lieutenant Governor, during the launch of Mission ‘One Gram Panchayat-One DIGI-Pay Sakhi’ in the UT last year had distributed 80 Aadhaar Enabled Payment Systems (AEPs) among the DIGI-Pay Sakhis under JKRLM. Lieutenant Governor said that DIGI-Pay Sakhi has introduced financial inclusion within the UT’s Self Help Group (SHG) ecosystem creating much needed financial access points with greater transparency even in remotest of the areas. Apart from depositing money, the village population can also avail the benefits of additional banking and financial services such as Pradhan Mantri Kisan Maandhan Yojana, registration of Kisan Credit Card etc, LG added. In a first of its kind, J&K government is working to set up Women Industrial Estate at Udhampur Industrial Estate to further strengthen the Women Entrepreneurs Ecosystem in J&K. (Source- Greater Kashmir)

Consider the following Statements about the Pradhan Mantri Kisan Maandhan Yojana and choose the correct option.

(I) Pradhan Mantri Kisan Maan-Dhan Yojana was launched in 2019.

(II) PM-KMY Scheme in India is a central sector scheme for farmers aged between 18 to 60 years.

(III) It was launched under the Ministry of Agriculture & Farmers’ Welfare.

A Only I Correct Answer Incorrect Answer
B I & III Correct Answer Incorrect Answer
C II & III Correct Answer Incorrect Answer
D Only III Correct Answer Incorrect Answer
E I, II, III Correct Answer Incorrect Answer

Solution

The Pradhan Mantri Kisan Maan Dhan Yojana was launched at Ranchi, Jharkhand by Prime Minister Narendra Modi. This a Central Sector Scheme which is administered by the Cooperation & Farmers Welfare, Department of Agriculture, Ministry of Agriculture & Farmers’ Welfare, and the Government of India in partnership with Life Insurance Corporation of India (LIC). LIC is the Pension Fund Manager for PM Kisan Maan-Dhan Yojana that provides an assured monthly pension of Rs. 3000/- to all the small and marginal farmers (who own cultivable land up to 2 hectares) after the age of 60 years. This scheme was introduced with an aim to secure the lives of small and marginal farmers in India. PM-KMY Scheme in India is a central sector scheme for farmers aged between 18 to 40 years.

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