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
- Pradhan Mantri Fasal Bima Yojana (PMFBY) provides comprehensive crop insurance to farmers. Evaluate the following statements: I. Under PMFBY, the maximum ...
- Which of the following Statements about the National Nutrition Mission’s budget is not correct?
- The ‘Prime Minister’s Scholarship Scheme (PMSS)’’ is being implemented to encourage technical and post-graduate education for the widows and wards of the d...
- What is the role of the Food Corporation of India (FCI) in the implementation of the NFSA?
- Recently the International Dairy Federation World Dairy Summit 2022 has been inaugurated in ____________.
- Which statement about the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) under the Skill India Programme is incorrect?
- The Urban Challenge Fund announced in the budget to promote “Cities as Growth Hubs” carries an outlay of—
- ABPS has been made mandatory w.e.f. 1st Feb, 2023 in ___Scheme___. However, as per the request made by several States, it had been decided by the Ministry...
- As on April, 2022, What is the total number of Free Trade Agreements (FTAs) India has signed?
- ________________ is a scheme in mission mode implemented by Ministry of Women and Child Development aimed at strengthening interventions for women safety, ...
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
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
- 200 Questions with Detailed Solutions
- Section-wise Coverage (GA, English, Quant & Reasoning)