Pradhan Mantri Kisan Samman Nidhi

Context

  • To provide an assured income support to the small and marginal farmers, the Government is launching the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN).

Key Facts

  • “Under this programme, vulnerable landholding farmer families, having cultivable land upto 2 hectares, will be provided direct income support at the rate of Rs. 6,000 per year.
  • This income support will be transferred directly into the bank accounts of beneficiary farmers, in three equal instalments of Rs. 2,000 each.
  • This programme will be funded by Government of India. Around 12 crore small and marginal farmer families are expected to benefit from this.
  • The programme would be made effective from 1st December 2018 and the first installment for the period upto 31st March 2019 would be paid during this year itself.
  • This programme will entail an annual expenditure of Rs.75,000 crore”.
  • PM-KISAN would not only provide assured supplemental income to the most vulnerable farmer families, but would also meet their emergent needs especially before the harvest season.
  • PM-KISAN would pave the way for the farmers to earn and live a respectable living.

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