BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In Union Budget 2018-19, the Government has made a commitment to the welfare of farmers and doubling farmers income by which year?
A
2024
B
2020
C
2022
D
2028
Explanation: 

Detailed explanation-1: -This has increased by more than 5.44 times to Rs. 1, 38, 550.93 crorein 2022-23. Launch of PM-KISAN in 2019-an income support scheme providing Rs.

Detailed explanation-2: -The Budget allocation for Ministry of Agriculture & FW has been increased to Rs. 1, 24, 000 crore in 2022-23. Food grain production has increased from 308.65 million tonnes in January 2022 to 315.72 million tonnes in December 2022 (as per 4th advance estimates) which is the highest ever food grain production.

Detailed explanation-3: -Farmers’ increased income may address agrarian distress and promote farmers welfare. Thus the goal of doubling farmers’ income by 2022-23 is central to bring parity between the income of farmers and those working in non-agricultural professions.

Detailed explanation-4: -NEW DELHI: Farmers’ income doubled in five years from financial year 2017-18 to 2021-22 for certain crops like soyabean in Maharashtra and cotton in KarnatakaIn all other cases, income rose in the range of 1.3-1.7 times, according to a report by the State Bank of India ( .

There is 1 question to complete.