Pradhan Mantri Kisan Samman Nidhi

Context:

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

About Pradhan Mantri Kisan Samman Nidhi

  • 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 installments 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.
  • It will entail an annual expenditure of Rs.75, 000 crore.
  • It 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.
  • It would pave the way for the farmers to earn and live a respectable living.

Source:PIB