PRADHAN MANTRI KISAN SAMMAN NIDHI SCHEME (PM-KISAN)

Recently, around 1.16 lakh farmers have voluntarily given up the benefits of the Pradhan Mantri Kisan Samman Nidhi Scheme (PMKISAN).

Objective: To supplement the financial needs of all eligible landholding farmers’ families in procuring various inputs to ensure proper crop health and appropriate yields, commensurate with the anticipated farm income as well as for domestic needs.

Launched in 2019, the Scheme initially provided income support to all Small and Marginal Farmers’ families across the country, holding cultivable land up to 2 hectares. Its ambit was later expanded to cover all farmer families in the country irrespective of the size of their land holdings.

Ministry: Ministry of Agriculture & Farmers Welfare.

Type: Central Sector Schemes

Benefits: An amount of Rs.6000/- per year is released by the Central Government in three equal instalments of ₹ 2,000 each, every four months to the eligible farmers families.

Beneficiaries: All the landholding farmers’ families i.e., husband, wife and minor children) subject to certain exclusions.

Excluded from the scheme:

1. Institutional land holders,
2. Farmer families holding constitutional posts,
3. Serving or retired officers and employees of state/central government as well as PSUs and government autonomous bodies.
4. Professionals like doctors, engineers and lawyers as well as retired pensioners with a monthly pension of over Rs 10,000 and those who paid income tax in the last assessment year.

Identification of beneficiary: It is the responsibility of state/UT government.

Facility of Kisan Credit Cards (KCC): KCC is to be given to All PM-KISAN beneficiaries to provide them with short-term loans for crop and animal/fish rearing at a maximum interest of 4% on timely repayment.

Project Management Unit (PMU): Established at the Central level, PMU is responsible for the overall monitoring of the scheme. State Governments may also consider setting up a dedicated PMU.

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