CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Madhya Pradesh Chief Minister Kamal Nath launched his government’s ______ crore farm debt-waiver scheme named ’Jai Kisan Rin Mukti Yojana’.
A
Rs 50, 000
B
Rs 60, 000
C
Rs 75, 000
D
Rs 80, 000
Explanation: 

Detailed explanation-1: -EXTENSION OF PERIOD OF PAYMENT OF 75% SHARE BY “OTHER FARMERS” from 01.07. 09 TO 31.12. 09.

Detailed explanation-2: -Agricultural Debt Waiver and Debt Relief Scheme (ADWDRS) have been launched by the Government of India to help the farmers financially by providing agricultural loans. Under this welfare scheme, ‘Direct Agricultural Loans’ comprising short term Production Loans for agricultural and allied activities.

Detailed explanation-3: -Loan waivers have “reputational consequences”; that is, they adversely affect the repayment discipline of farmers, leading to a rise in defaults in future.

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