INSUBCONTINENT EXCLUSIVE:
Pradhan Mantri Kisan Samman Nidhi: Income will be directly credited to the bank accounts.The government announced an income support scheme,
called Pradhan Mantri Kisan Samman Nidhi (PM-KISAN), for the farmer in the interim Budget 2019
The PM-KISAN scheme, aimed at supplementing the financial needs of the small and marginal farmer, entails a direct cash support of Rs
The PM-KISAN scheme or Kisan Yojna is estimated to cost the exchequer Rs
Under the scheme, small and marginal farmers with less than two hectares of land will get cash in their accounts in three instalments of Rs
2,000 each, the Ministry of Agriculture and Farmers Welfare mentions in the scheme document.Under the Kisan Yojna, an income support of Rs
6,000 per year (in three equal instalments) will be provided to the families of small and marginal farmers having a combined land
holding/ownership of up to two hectares of land.The Kisan Yojna will be effective retrospectively from December 1, 2018 for transfer of
benefit to eligible beneficiaries
The government has recognised 12.5 crore such beneficiaries.The first instalment - for the four-month period ending March 31, 2019 - under
the scheme will be transferred to the eligible beneficiaries in the current financial year (2018-19) itself
The first instalment will be transferred immediately on identification of the beneficiaries, according to the scheme document.Quoting
Aadhaar is mandatory for claiming benefits under the PM-KISAN scheme, according to the government
The transfer of subsequent instalments will be done only on basis of Aadhaar-seeded database, and beneficiaries not having an Aadhaar card
will have to be compulsorily enrolled under Aadhaar, according to the scheme document.The income of Rs 2,000 for four months will be
directly credited to the bank accounts of eligible farmers in three instalments.
