During the interim budget 2019-20, Government of India announced the launch of Pradhan Mantri Kisan Samman Nidhi (P.M. Kissan) To provide an assured income support to small and marginal farmers Govt.
About:
Scheme Objective: To provide an assured income support to small and marginal farmers.
Salient Features of the scheme:
Under this programme, vulnerable landholding farmer families, having cultivable land upto 2 hectares, will be provided direct income support at the rate of Rs 6,000 per year.
This income support will be transferred directly into the bank accounts of beneficiary farmers, in three equal instalments of Rs 2,000 each.
Beneficiaries: Around 12 crore small and marginal farmer families are expected to benefit from this.
implementation Period: The programme would be made effective from 1st December 2018 and the first instalment for the period upto 31st March 2019 would be paid during this year itself.
Funding: This programme will be funded by Government of India and will entail an annual expenditure of Rs 75,000 crore.
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