Pradhan Mantri Kisan Nidhi Scheme or PM-KISAN Yojana was announced in this year's Budget for 2019-20. The schemes envisages for Direct Income Support to the Farmers. Following are the details of the scheme.
- The PM-KISAN Scheme to extend direct income support at the rate of Rs.6000 per year to farmer families.
- Only those beneficiaries are eligible for the scheme who have upto 2 Hectares(5 Acres Appx) Land.
- Under the scheme, Rs.2000 each will be transferred to the bank accounts in three equal instalments.
- The scheme will cover around 12 Crore Small and Marginal Farmer Families.
- The scheme has been made effective from 1st December, 2018 and the first instalment would be paid upto 31st March, 2019.
- The scheme was launched with an outlay of Rs.75000 Crore for the FY 2019-20 and Rs.20000 Crore in the Revised Estimate of FY 2018-19.
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Some Other Government Schemes and Initiatives