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Pradhan Mantri KIsan SAmman Nidhi (PM-KISAN) Yojana


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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