01 Mar 2022 Prime Minister Kisan Samman Nidhi
Prime Minister Kisan Samman Nidhi – Today Current Affairs
- In the last three years, about 11.78 crore farmers have been provided benefits under the Pradhan Mantri Kishan Samman Nidhi Yojana and an amount of Rs 1.82 lakh crore has been released in different installments to the eligible beneficiaries of this scheme across India.
- It was launched on February 24, 2019 to meet the financial needs of the land holder farmers.
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Financial Benefits: The Hindu Analysis
- Financial benefit of Rs.6000 per annum is transferred in three equal installments every four months to the bank accounts of farmer families across the country through Direct Benefit Transfer mode.
Scheme Scope: The Hindu Analysis
- This scheme was initially for those small and marginal farmers (SMFs) who had land up to 2 hectares, but later the scope of this scheme was extended to cover all landholding farmers.
Financing and Implementation: The Hindu Analysis
- It is a centrally sponsored scheme by the Government of India with 100% funding.
- It is being implemented by the Ministry of Agriculture and Farmers Welfare.
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Objective:
- It aims to meet the financial needs of small and marginal farmers by purchasing various inputs to ensure proper crop health and yield commensurate with the expected farm income at the end of each crop cycle.
- To meet such expenses, save them from the clutches of moneylenders and ensure their continuity in farming activities.
- PM-KISAN Mobile App: It is developed and designed by National Informatics Center in collaboration with Ministry of Electronics and Information Technology.
- Physical Verification Module: Compulsorily physical verification of 5% of the beneficiaries is done every year as per the provisions laid down in the scheme.
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