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    PM Kisan Yojana

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    Shayan Zafar
    The Pradhan Mantri Kisan Samman Nidhi (PMKSN) is an Indian government program that provides farmers with a minimum income support of up to ₹6,000 (approximately $79 USD) per year. It was announced in 2019 and aims to provide financial support to around 120 million farmers. The program costs approximately ₹75,000 crore (nearly $10 billion USD) per year to implement.

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    PM Kisan Yojana

    Uploaded by

    Shayan Zafar
    85 views2 pages
    The Pradhan Mantri Kisan Samman Nidhi (PMKSN) is an Indian government program that provides farmers with a minimum income support of up to ₹6,000 (approximately $79 USD) per year. It was announced in 2019 and aims to provide financial support to around 120 million farmers. The program costs approximately ₹75,000 crore (nearly $10 billion USD) per year to implement.

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    The Pradhan Mantri Kisan Samman Nidhi (PMKSN) is an Indian government program that provides farmers with a minimum income support of up to ₹6,000 (approximately $79 USD) per year. It was announced in 2019 and aims to provide financial support to around 120 million farmers. The program costs approximately ₹75,000 crore (nearly $10 billion USD) per year to implement.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    85 views2 pages

    PM Kisan Yojana

    Uploaded by

    Shayan Zafar
    The Pradhan Mantri Kisan Samman Nidhi (PMKSN) is an Indian government program that provides farmers with a minimum income support of up to ₹6,000 (approximately $79 USD) per year. It was announced in 2019 and aims to provide financial support to around 120 million farmers. The program costs approximately ₹75,000 crore (nearly $10 billion USD) per year to implement.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Pradhan Mantri Kisan Samman Nidhi 

    (PMKSN, translation: Prime Minister's Farmer's Tribute Fund) is an initiative by


    the government of India that give farmers up to ₹6,000 (equivalent to ₹6,300 or US$79 in 2020) per year as minimum
    income support. The initiative was announced by Piyush Goyal during the 2019 Interim Union Budget of India on 1 February
    2019.[1][2][3][4] The scheme has cost ₹75,000 crore (equivalent to ₹790 billion or US$9.9 billion in 2020) per annum and came
    into effect December 2018.[5]

    Contents

     1History
     2Comparison with similar schemes
     3See also
     4References

    History[edit]
    The scheme was first conceived and implemented by government of Telangana as the Rythu Bandhu scheme, where a
    certain amount is given directly to eligible farmers. The scheme has received accolades[6] from various organisations for its
    successful implementation, including World Bank. Many economist suggest that this type of investment support is
    better[7] than farm loan waivers. With the positive outcome of this scheme, Government of India wanted to implement[8] it as
    nationwide project and it was announced by Piyush Goyal during the 2019 Interim Union Budget of India on 1 February
    2019.[9][10]
    For 2018–2019, ₹20,000 crore was allocated under this scheme. On 24 February 2019, Narendra Modi launched the
    scheme in Gorakhpur, Uttar Pradesh, by transferring the first instalment of ₹2,000 each to over one crore farmers.[11][12][13]
    Ministry of Agriculture and Farmers Welfare has awarded the top-performing states, and districts under PM Kisan Samman
    Nidhi Yojana. It is based on the criteria such as correction of data, addressing farmer grievances, and timely physical
    verification exercise.[14]

    Comparison with similar schemes[edit]


    Annadatha
    Aspect PM-Kisan Rythu Bandhu KALIA scheme[15]
    Sukhibhava

    Union Government of Andhra Pradesh


    Started by Telangana Government Odisha Government
    India Government

    Unit Per family Per acre Per family Per family

    Number of Approximately 120


    Approximately 6 million Approximately 7 million 6 million families
    beneficiaries million

    ₹9,000 extra in addition


    to PM Kisan benefit, ₹5,000 per farm
    ₹ 6,000 per year in ₹ 10,000 per year per acre in
    Assistance family over five
    three installments two installments[16] ₹15,000 for non- seasons
    beneficiaries of PM
    Kisan

    Exclusion Last year Income Tax No exclusion No exclusion No exclusion


    Annadatha
    Aspect PM-Kisan Rythu Bandhu KALIA scheme[15]
    Sukhibhava

    Payers,
    Civil Servants with
    High Income

    Small and marginal Small and marginal


    farmers Land holding of 51 acres farmers
    Cap agriculture land and 21 acres No cap
    Up to 2 hectares[17] of dry land Up to 2 hectares

    Landowners and tenant Landowners and


    Eligibility Landowners only Landowners Only
    cultivators tenant cultivators
    Tenant farmers Not covered Not covered Covered Covered
    Annual budget ₹ 700 billion ₹ 120 billion ₹ 50 billion ₹ 40 billion

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