Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN)

Pradhan Mantri Kisan Samman Nidhi

Pradhan Mantri Kisan Samman Nidhi

Scheme for Financial Support to Farmers

A new Central Sector Scheme, namely, the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) started on 1 december 2018. 

Objectives:–

1. With a view to augment the income of the Small and Marginal Farmers (SMFs), the Government has launched a new Central Sector Scheme, namely, “Pradhan Mantri KIsan SAmman Nidhi (PM-KISAN)” in the current financial year.
2. The PM-KISAN scheme aims to supplement the financial needs of the SMFs in procuring various inputs to ensure proper crop health and appropriate yields, commensurate with the anticipated farm income at the end of the each crop cycle.
3. This would also protect them from falling in the clutches of moneylenders for meeting such expenses and ensure their continuance in the farming activities.

Pradhan Mantri Kisan Samman Nidhi Yojana All Important Points

Some Features of the PM Kisan Samman Nidhi Yojana

• Under the Scheme an amount of Rs.6000/- per year is transferred in three 4-monthly installments of Rs.2000/- directly into the bank accounts of the farmers, subject to certain exclusion criteria relating to higher income status. The Scheme was formally launched on 24^th February, 2019 by the Prime Minister Shri Narendra Modi at a grand function at Gorakhpur, Uttar Pradesh.
• The Scheme initially provided income support to all Small and Marginal Farmers’ families across the country, holding cultivable land upto 2 hectares.
• Its ambit was later expanded w.e.f. 01.06.2019 to cover all farmer families in the country irrespective of the size of their land holdings
• Affluent farmers have been excluded from the scheme such as Income Tax payers in last assessment year, professionals like Doctors, Engineers, Lawyers, Chartered Accountants etc and pensioners pensioners drawing at least Rs.10,000/- per month (excluding MTS/Class IV/Group D employees).