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PM-Kisan Nidhi Scheme – Shanmugam IAS Academy
PM-Kisan Nidhi

PM KISAN NIDHI

What’s in news?

Punjab Government calls For Self-Declaration Forms From Farmers Under The Extended Ambit Of Pm-Kisan Scheme Irrespective Of Their Land Holdings

Key data’s:

  • The Punjab government has decided to enroll the land holding farmers in the state under the expanded ambit of the Pradhan Mantri Kisan SAmman Nidhi (PM-KISAN) Scheme to cover all farmers’ families irrespective of the sizes of their land holdings.
  • Earlier only the farming families holding land upto 5 acres were eligible to get benefit under the scheme.
  • The self-declaration forms have been called from those farmers who have not been able to fill up such forms earlier and also from all those farmers who have now fallen in the ambit of the scheme.
  • the Primary Agriculture Cooperative Service Societies would distribute and accept the self-declaration forms under the extended ambit of PM Kisan Nidhi on the same pattern as was done in the original scheme during the month of February-March, 2019.
  • All those land holding farming families who have not earlier applied, or those who have now been covered under the scheme shall be eligible to apply for benefit under the PM Kisan Nidhi. 
  • The fresh forms collected by the Cooperative Societies would be sent to Patwaris for verification of the information regarding land holding filled in the form by the farmers.After verification, the Patwari would return back the forms to the society within a period of 15 days. 

PM Kisan Samman Nidhi:

  • The interim budget 2019 has announced a farm income support scheme PM Kisan Samman Nidhi (PM-KISAN).
  • The features of the PM Kisan Samman Nidhi scheme are:
    • The Centre will transfer Rs 6,000 every year to small and marginal farmers. The scheme will cost Rs 75,000-crore to the exchequer.
    • The scheme aims to address unrest among cultivators who have suffered due to adverse weather and weak prices.
    • Rs 6,000 will be transferred directly into the bank accounts of the beneficiary farmers in three instalments of Rs 2,000 each.
    • The scheme will benefit 120 million farmers with cultivable land of up to 2 hectares.

Significance of the scheme:

  • Around 12 crore small and marginal farmer families are expected to benefit from this.
  • 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.

Benefits of direct cash transfers:

  • It has immediate impact on reducing hunger and rural poverty.
  • They can help households to overcome credit constraints and manage risk. This can increase productive investment, increase access to markets and stimulate local economies.
  • Income support can be used to make a repayment or at least activate a bank account which can then receive a loan.
  • It can increase investment in agricultural inputs, including farm implements and livestock.
  • It can serve as an important complement to a broader rural development agenda, including a pro-poor growth strategy focusing on agriculture.

 

Important Links:

http://www.5dariyanews.com/news/267676-Punjab-Govt-Calls-For-Self-Declaration-Forms-From-Farmers-Under-The-Extended-Ambit-Of-Pm-Kisan-Scheme-Irrespective-Of-Their-Land-Holdings

https://www.deccanherald.com/state/mangaluru/58188-farmers-opted-for-pm-kisan-samman-nidhi-743070.html

https://www.iasipstnpsc.in/pm-kisan-scheme/


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