9th Instalment Of Financial Benefit Under Pradhan Mantri Kisan Samman Nidhi (PM-KISAN):
The Prime Minister released the 9th instalment of financial benefit under Pradhan Mantri Kisan Samman Nidhi (PM-KISAN).
- Further, the Prime Minister also interacted with farmer beneficiaries during the event.
PM-KISAN:
- Under the scheme, the Centre transfers an amount of Rs 6,000 per year, in three equal instalments, directly into the bank accounts of all landholding farmers irrespective of the size of their land holdings.
- It was launched in February 2019.
- It is a Central Sector Scheme with 100% funding from the Government of India.
- It is being implemented by the Ministry of Agriculture and Farmers Welfare.
Identification of Beneficiaries: - The entire responsibility of identification of beneficiary farmer families rests with the State/UT Governments.
- Objectives:
- To supplement the financial needs of the Small and Marginal Farmers in procuring various inputs to ensure proper crop health and appropriate yields, commensurate with the anticipated farm income at the end of each crop cycle.
- To protect them from falling in the clutches of moneylenders for meeting such expenses and ensure their continuance in the farming activities.
