Topic: Issues related to direct and indirect farm subsidies and minimum support prices; Public Distribution System- objectives, functioning, limitations, revamping; issues of buffer stocks and food security; Technology missions; economics of animal-rearing.
5. What is Pradhan Mantri LaghuVyapariMaan-dhan Yojana? Discuss the Significance of the scheme and its role in ensuring financial security of the citizens. (250 words)
Why this question:
The National Pension Scheme for Traders and Self-Employed Persons has failed to gain traction as only about 25,000 persons have opted for the scheme as against the government’s target to enroll 50 lakh by March-end. Thus the question.
Key demand of the question:
Discuss the key features,Significance of the scheme and its role in ensuring financial security of the citizens.
Discuss – This is an all-encompassing directive – you have to debate on paper by going through the details of the issues concerned by examining each one of them. You have to give reasons for both for and against arguments.
Structure of the answer:
Start by bringing out the relevance of the scheme to the agricultural setup of the country.
Explain What is Pradhan Mantri LaghuVyapariMaan-dhan Yojana?It is a voluntary and contribution based central sector scheme.The government launched the scheme, entailing monthly minimum assured pension of ₹3,000 for the entry age group of 18-40 years after attaining the age of 60 years, with effect from July 22, 2019.
Explain in detail the significance, beneficiaries it caters to.
Conclude with way forward.