PRADHAN MANTRI KISAN SAMMAN NIDHI
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Details of the disbursed fund under the “Pradhan Mantri Kisan Samman Nidhi” have been informed in the upper house of the Parliament.
- Announced by: Narendra Singh Tomar, Union Minister for Agriculture and Farmers Welfare – informed Rajya Sabha in a written format.
- Total fund: The total fund disbursed under the PM KISAN Scheme is 36 thousand crore rupees.
- Beneficiaries: The total no. of beneficiaries were 7.60 Lakh farmers.
- Also, the Minister informed that, as the Scheme is ongoing and beneficiaries are added on a continuous basis, it is not possible to give estimation of expenditure till 2022.
Pradhan Mantri Kisan Samman Nidhi:
- Launched year: The scheme was launched in 2019.
- It is a Central Sector Scheme.
- To provide an assured income support to the small and marginal farmers.
- To supplement the financial needs of the farmers in procuring various inputs to ensure proper crop health and appropriate yields, commensurate with the anticipated farm income.
Features of the 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.
- 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 entail an annual expenditure of Rs 75,000 crore and will be funded by Government of India. Around 12 crore small and marginal farmer families are expected to benefit from this.
- It came into effect on 1st December 2018 and the first installment for the period upto 31st March 2019 would be paid during this year itself.
Similar programmes by states:
- Bhavantar Bhugtan Yojana: Launched in Madhya Pradesh was sought to provide relief to farmers by providing the differential between MSPs and market prices.
- Rythu Bandhu scheme: Launched in the state of Telangana government provides ₹4,000 per acre for every season to all the farmers of the state. Similar initiatives have also been framed in Jharkhand and Odisha.
- KALIA Scheme: In December 2018, Odisha launched the Krushak Assistance for Livelihood and Income augmentation (KALIA). KALIA is more complicated in design and implementation. It commits to give Rs 5,000 per SMF, twice a year, that is Rs 10,000 a year.
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