Government Schemes & Programs MCQs

If a PM-KISAN beneficiary fails to complete their eKYC, their future installments will be withheld until the eKYC process is successfully completed.

The primary aim of verifying beneficiary data is to eliminate ineligible beneficiaries and ensure that the financial assistance reaches only genuine and eligible farmers, thereby enhancing transparency and accountability.

eKYC and Aadhaar seeding with bank accounts are mandatory requirements for PM-KISAN beneficiaries to ensure authenticity and prevent fraudulent claims.

PM-KISAN is a Central Sector Scheme with 100% funding from the Government of India.

The PM-KISAN scheme was launched with effect from 1st December 2018, though it was formally inaugurated on 24th February 2019.

Under PM-KISAN, eligible farmer families receive ₹6,000 per year in three equal installments of ₹2,000 each.

Mudra loans provide crucial financial support to small entrepreneurs, enabling them to start new ventures or expand existing ones, which directly leads to the creation of new jobs and boosts overall employment.

Mudra loans are specifically designed to provide credit to Micro, Small, and Medium Enterprises (MSMEs), especially those in the non-corporate, non-farm sector, to foster entrepreneurship and generate employment.

The 'Tarun' category under PMMY provides loans above ₹5 lakh and up to ₹10 lakh, targeting established micro-enterprises looking for expansion.

The primary objective of PMMY is to provide financial support to small entrepreneurs by offering loans to non-corporate, non-farm small/micro-enterprises, thereby promoting self-employment and economic growth.