PM Narendra Modi launches Pradhan Mantri Kisan Samman Nidhi (PM-KISAN)

PM Narendra Modi launches Pradhan Mantri Kisan Samman Nidhi (PM-KISAN)
PM Narendra Modi launches Pradhan Mantri Kisan Samman Nidhi (PM-KISAN)

With the click of a mouse that will initiate millions of cash transfers, Prime Minister Narendra Modi  launches the government’s ambitious income-transfer scheme, Pradhan Mantri Kisan Samman Nidhi (PM-KISAN), at a farmers’ rally in Uttar Pradesh’s Gorakhpur. It is the cash-transfer scheme for small and marginal farmers. It is a major populist step by the Modi government to offset a challenging spell of rural crisis brought on by unprofitable sales of farm commodities.

* This could perhaps become the largest-ever direct disbursement of cash under the farmer investment support scheme announced in the Union Budget which allocated it Rs 75,000 crore.

* Under the scheme, Rs 6,000 will be given per year to small and marginal farmer families having combined land holding/ownership of up to two hectares.

* The amount will be given in three instalments of Rs 2,000 each and will be transferred directly to the bank accounts of beneficiaries through the direct benefit transfer (DBT) scheme.

* The funds would be electronically transferred to the beneficiary’s bank account by the Centre through State Notional Account on a pattern similar to MGNREGS.

* Over one crore farmers from 14 states, including UP and Karnataka, will get their first instalment on Sunday and one crore more beneficiaries, spread over 28 states and one UT, would get their instalment in the next 2-3 days, a senior official said.

* A small and marginal landholder farmer family for the purpose of the calculation of the benefit has been defined as “a family comprising of husband, wife and minor children (up to 18 years of age) who collectively own cultivable land up to 2 hectare as per land records of the concerned states/UT” .

* The scheme was introduced to augment the income of small and marginal farmers and is estimated to benefit over 12 crore farmers.

* The Prime Minister will also distribute certificates to select farmers under the PM-KISAN scheme and interact with select beneficiaries through video conferencing.

* The scheme became effective on December 1, 2018, for transfer of benefit to eligible beneficiaries.

* In the interim Budget 2019-20, the Central government had announced the PM-KISAN scheme.

* The scheme, experts said, has been remodelled around the Telangana government’s Rythu Bandhu scheme that ensures majority farmers get Rs 5,000 per acre per year for two crops.



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