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PM RELEASES 8TH INSTALMENT OF FINANCIAL BENEFIT UNDER PM-KISAN

PM RELEASES 8TH INSTALMENT OF FINANCIAL BENEFIT UNDER PM-KISAN

Context

Recently, the Prime Minister of India Shri Narendra Modi released the 8th instalment of financial benefit under the PM-KISAN scheme.

  • It will enable the transfer of more than Rs. 19,000 crores to more than 9.5 crores beneficiary farmer families.

Details

About the  Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Scheme

  • Aim : To augment the income of the farmers by providing income support to all the landholding farmers’ families in India.
  • Under this scheme an amount of Rs.6000 per year is transferred in 3-4 monthly instalments of Rs.2000 directly into the bank accounts of the farmers,
  • It was launched formally on 24th February 2019 by the PM Shri Narendra Modi at Gorakhpur, Uttar Pradesh.
  • It initially provided income support to all the Small and Marginal Farmers’ families across the country, who had cultivable land up to 2 hectares.
  • Special provisions have been made for the North-Eastern States where land ownership rights are community-based.

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