Question
PM-KISAN aims to supplement the financial needs of farmer families in procuring various inputs to ensure proper crop health and appropriate yields. Which of the following is NOT an example of such an input?
Read the passage below and answer the following questions based on the passage ( Q no 19 to 22) Financial security for farmers is crucial to ensuring the sustainability of agriculture and the overall well-being of rural communities in India. Given that agriculture forms the backbone of the Indian economy and employs nearly half of the population, the financial stability of farmers directly impacts not only the agricultural sector but also food security and national economic growth. However, many farmers, particularly smallholders, face financial uncertainties due to unpredictable weather patterns, market fluctuations, and rising costs of inputs. Ensuring financial security for farmers is, therefore, vital for the country's long-term agricultural stability. One of the key reasons financial security is so important for farmers is the inherent risk involved in farming. Agriculture in India is highly vulnerable to external factors like climate change, erratic monsoons, droughts, floods, and pest infestations. These risks often lead to crop failures, leaving farmers without income and, in many cases, burdened with debt. Financial security measures, such as crop insurance, access to credit, and savings mechanisms, provide farmers with a safety net. They can mitigate the financial damage caused by these uncontrollable factors and ensure that farmers can continue their agricultural activities without falling into poverty or losing their land. Access to credit is another essential aspect of financial security for farmers. Many farmers rely on credit to purchase seeds, fertilizers, and equipment, but due to a lack of collateral or formal financial literacy, they often turn to informal moneylenders who charge high interest rates. This leads to cycles of debt and poverty. Providing farmers with affordable and timely credit from formal institutions can help them invest in better agricultural inputs and technology, thereby improving productivity. Financial security through formal banking and credit channels can also prevent farmers from being exploited by predatory lending practices.
More Economic and Social Issues ESI Questions
- The Annual Financial Statement presented to the Parliament shows Receipts and Payments for which of the following account/s of Union Government? 1. Consol...
- Under the Digital India Land Records Modernization Programme (DILRMP), each land parcel is assigned a Unique Land Parcel Identification Number (ULPIN) cons...
- Article 262 of the Indian Constitution empowers the _____________ to adjudicate inter-state water disputes.
- Consider the following Statements about the Worker-population ratio. (1) It is an indicator which is used for analysing the employment situation in the co...
- Consider the following Statements and choose the option with correct statements. I- NABARD is a statutory body established in 1982 under Parliamentary act-...
- Geographical indication (Registration and Protection) Act, ____________ provides legal protection to GIs holder in India.
- Which of the following is the primary measure of income inequality?
- Which of the following is a component of the RAMP Scheme?
- Which of the following conventions control Transboundary Movement of Hazardous waste and its disposal?
- Under the WTO, which feature most clearly distinguishes its Dispute Settlement Understanding (DSU) from earlier GATT practice?
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt