BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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To enable them to purchase tractors and other hitech agricultural machines
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This was given to them as a debt waiver and relief package.
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To provide them fertilisers and advanced high-yielding seeds for the next harvesting season
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To help them avail Internet services and update their knowledge about the farming techniques and adopt new methods of the same
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Detailed explanation-1: -Pradhan Mantri Krishi Sinchai Yojana – This is a scheme to take care of irrigation requirements of farming. Parampragat Krishi Vikas Yojana – This scheme is to promote organic farming.
Detailed explanation-2: -Poverty: Poverty is perhaps a major cause for rural indebtedness. The low level of rural incomes, the uncertain and primitive farming of small landholdings makes it impossible to meet the needs required for their living. Often, the rural people take debts to meet these needs.
Detailed explanation-3: -Pradhan Mantri Krishi Sinchai Yojana (PMKSY) : PMKSY was approved by the Cabinet Committee on Economic Affairs on 01.07.
Detailed explanation-4: -The Government’s price policy for agricultural commodities seeks to ensure remunerative prices to the growers for their produce with a view to encourage higher investment and production and to safeguard the interest of consumers by making available supplies at reasonable prices with low cost of intermediation.