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PM KISAN Scheme Completed Two Years : Significance

PM KISAN Scheme Completed Two Years:

The flagship scheme of the central government, Pradhan Mantri Kisan Samman Nidhi (PM KISAN) has completed its two years on February 24, 2021.

  • The PM-KISAN Scheme was formally launched by Prime Minister, Narendra Modi, on February 24, 2019.
  • The scheme was launched at Gorakhpur, Uttar Pradesh.
  • The scheme was launched with the objective of PM of augmenting the income of the farmers by giving all the landholding farmer’s family income support all across the country.
  • Under this scheme, an amount of 6000 rupees per year is transferred to the bank accounts of farmers directly.
  • This amount is transferred to them in three installments of 2000 rupees.
  • This scheme was initially launched to provide income support to all Small and Marginal Farmers’ families who are holding the cultivable land up to 2 hectares.
  • Later, the scheme was expanded to cover all farmers’ families irrespective of the size of their landholdings.
  • However, Affluent farmers have been excluded from this scheme.
  • To date, more than 1 lakh 10 thousand crore rupees have been transferred to the farmers’ income.