PM Kisan Samman Nidhi Yojana or PM KISAN is a central sector scheme launched in 2019.
It provides income support to all the land holding farmers’ families who have cultivable land. Under the scheme, 100% of funding is provided by the Government of India.
Under the scheme the Union government provides financial support of ₹6000 per year in three equal installments (₹2000 each installment).
The scheme was initially available for only small and marginal farmers having land holding less than 2 hectares, but the government remove these minimum land requirement criteria and now the scheme covers all eligible landholding farmers.
Objectives: With a view to provide income support to all land holding eligible farmer families, the government has launched PM-KISAN.
The scheme aims to supplement financial needs of the farmers in procuring various inputs to ensure proper crop health and appropriate yields, commensurate with the anticipated farm income.
Under this scheme, all landholder farmers’ families are eligible to obtain the benefits. The landholder farmers’ family is defined under the scheme guidelines as a family consisting of a husband, wife and minor children who own cultivable land as per the land records from the respective state or UT.
Those excluded from the scheme include institutional landholders, farmer families holding constitutional posts, serving or retired officers and employees of State or Central government, as well as the Public Sector Undertakings and Government Autonomous bodies.
This scheme is being implemented by Department of Agriculture and Farmers Welfare through the Department of Agriculture of all the States and Union territories.
The number of beneficiaries under Prime Minister’s Kisan Samman Nidhi has increased from 3.16 crore in the 1st period, i.e. December 2018 to March 2019, to 10.45 crore in the 11th period i.e. April 2022 to July 2022.
But recently Kisan Sabha state president Dr Satnam Singh Ajnala said initially, nearly 17 crore farmers were benefited under the yojana and now only around 3 crore farmers were getting the benefit as the government decreased their number of beneficiaries by reducing the allocation for the agriculture sector by ₹25,000 crore in the Union budget 2023-24.
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