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    Question

    Read the passage below and answer the following questions based on the passage ( Q no 19 to 22) Financial security for farmers is crucial to ensuring the sustainability of agriculture and the overall well-being of rural communities in India. Given that agriculture forms the backbone of the Indian economy and employs nearly half of the population, the financial stability of farmers directly impacts not only the agricultural sector but also food security and national economic growth. However, many farmers, particularly smallholders, face financial uncertainties due to unpredictable weather patterns, market fluctuations, and rising costs of inputs. Ensuring financial security for farmers is, therefore, vital for the country's long-term agricultural stability. One of the key reasons financial security is so important for farmers is the inherent risk involved in farming. Agriculture in India is highly vulnerable to external factors like climate change, erratic monsoons, droughts, floods, and pest infestations. These risks often lead to crop failures, leaving farmers without income and, in many cases, burdened with debt. Financial security measures, such as crop insurance, access to credit, and savings mechanisms, provide farmers with a safety net. They can mitigate the financial damage caused by these uncontrollable factors and ensure that farmers can continue their agricultural activities without falling into poverty or losing their land. Access to credit is another essential aspect of financial security for farmers. Many farmers rely on credit to purchase seeds, fertilizers, and equipment, but due to a lack of collateral or formal financial literacy, they often turn to informal moneylenders who charge high interest rates. This leads to cycles of debt and poverty. Providing farmers with affordable and timely credit from formal institutions can help them invest in better agricultural inputs and technology, thereby improving productivity. Financial security through formal banking and credit channels can also prevent farmers from being exploited by predatory lending practices.

    Which of the following categories of farmers are NOT eligible for PM-KISAN benefits?

    A Small and marginal farmers Correct Answer Incorrect Answer
    B Institutional landholders Correct Answer Incorrect Answer
    C Farmers with cultivable land Correct Answer Incorrect Answer
    D Farmers who filed their income tax returns in the previous assessment year Correct Answer Incorrect Answer
    E Both b and d Correct Answer Incorrect Answer

    Solution

    Institutional landholders and those who filed income tax returns in the previous year are not eligible under the PM-KISAN scheme.

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