Pradhan Mantri Kisan Samman Nidhi announced to provide assured income support to small and marginal farmers Vulnerable landholding farmers having cultivable land upto 2 hectares to be provided direct income support of Rs. 6000 per year Around 12 Crore small and marginal farmer families are expected to benefit

The scheme was announced by Piyush Goyal during the 2019 Interim Union Budget of India on 1 February 2019.The scheme will cost 75,000 crore (US$10 billion) per annum and will come in effect from December 2018.[5] INR 6,000 per year will be paid to each eligible farmer in three instalments and will be deposited directly to their bank accounts.

Pradhan Mantri Kisan Samman Nidhi Yojana Scheme  Eligibility Criteria, Application Form Process

 

Name of the schemePradhan Mantri Kisan Samman Nidhi
Launched inIndia
Launched byPiyush Goyal (Interim Finance Minister)
Announcement date1st February 2019
Target beneficiariesSmall and marginal farmers
  

Features of Scheme or Yojana

  1. Development of farmers – The yojana is focused on offering financial support to farmers. Govt  will offer some money, that can be used by the farmer to increase the crop production.
  2. Financial assistance – Under this Yojana, the farmers will receive Rs. 500 on a monthly basis. and Rs, 6000 on a yearly basis.
  3. Payment in installments – The minister stated that the amount, promised under the scheme will be paid by the central government in three separate installments.

How to Apply

This is scheme is announced today so we will update this part as soon as possible. 

Other information about Pradhan Mantri Kisan Samman Nidhi 

Rashtriya Gokul Mission

Regarding Animal Husbandry the Minister said, “I have increased the allocation for Rashtriya Gokul Mission to Rs.750 crore in the current year itself. I announce setting up of “Rashtriya Kamdhenu Aayog” to upscale sustainable genetic upgradation of cow resources and to enhance production and productivity of cows. The Aayog will also look after effective implementation of laws and welfare schemes for cows.”

To provide an assured income support to the small and marginal farmers, the Government is launching the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN). While presenting the Interim Budget 2019-20 in Parliament today the Union Minister for Finance, Corporate Affairs, Railways & Coal, Shri Piyush Goyal said, “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.