2019 – Posted in: Press Information Bureau

Pradhan Mantri Kisan Samman Nidhi (PM-KISAN)

The Union Cabinet, has approved that the ambit of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) would be comprehensively extended.

The revised Scheme is expected to cover around 2 crore more farmers, increasing the coverage of PM-KISAN to around 14.5 crore beneficiaries.

PM-KISAN

The genesis of the PM-KISAN Yojana dates back to the interim Budget for the year 2019-2020.
The key element of PM-KISAN is income support of Rs. 6000/- to the small and marginal landholder farmer families with cultivable land holding upto 2 hectare across the country. (This has been expanded now)
The amount is being released in three 4-monthly instalments of Rs.2000/- each over the year, to be credited into the bank accounts of the beneficiaries held in destination banks through Direct Benefit Transfer mode.
So far, 1st instalment to 3.11 crore beneficiaries and 2nd instalment to 2.66 crore beneficiaries have been credited directly to the bank accounts of the farmer families.
PM KISAN is a Central Sector scheme with 100% funding from Government of India. It has become operational from 1.12.2018.

Source: PIB

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