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RBI Grade B Phase 1 PYP >> Jul 9, 2023 - Shift 2 >> General Awareness

Question :

PM-KISAN is a Central Sector Scheme with 100% funding from the Government of India, providing direct income support to farmers. What was the budget allocation for PM-KISAN for the financial year 2023 - 24?

1. ₹55,000 crore

2. ₹60,000 crore

3. ₹63,000 crore

4. ₹67,000 crore

5. ₹72,000 crore

Correct Answer : 2
Solution :

For the fiscal year 2023 - 24, the Government of India allocated ₹60,000 crore to the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme. This allocation represents the lowest budgetary provision for the scheme in the past five years, reflecting a decrease from previous years. The reduction is attributed to factors such as a decline in the number of registered beneficiaries.

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