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Agriculture

Next Instalment of PM-KISAN

  • 26 Dec 2020
  • 3 min read

Why in News

Recently, the Prime Minister has virtually released the next instalment of financial benefit under Pradhan Mantri Kisan Samman Nidhi (PM-KISAN).

Key Points

  • Rs. 18000 crores have been deposited in the bank account of more than 9 crore farmers through Direct Benefit Transfer (DBT).
    • More than 1 lakh 10 thousand crore rupees have reached the account of farmers, since this scheme started in February 2019.
  • Pradhan Mantri Kisan Samman Nidhi:
    • Launched in February 2019, it is a Central Sector Scheme, which is being implemented by the Ministry of Agriculture and Farmers Welfare.
      • On its first anniversary, the PM-KISAN Mobile App developed and designed by the National Informatics Centre (NIC) in collaboration with the Ministry of Electronics and Information Technology was launched.
    • Under the scheme, the Centre transfers an amount of Rs. 6,000 per year, in three equal instalments, directly into the bank accounts of the all landholding farmers irrespective of the size of their landholdings.
    • The entire responsibility of identification of beneficiary farmer families rests with the State/UT Governments.
    • It aims to:
      • Reduce the input cost of the farmers.
      • Ensure a fair price for the crop.
      • Open new markets for the farmers to sell their crop.
      • Supplement the financial needs of the Small and Marginal Farmers (SMFs).
  • Farmer Centric Improvements:

Source: PIB

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