PM-KISAN
Context
- Recently, the Prime Minister has virtually released the next instalment of financial benefit under Pradhan Mantri Kisan Samman Nidhi (PM-KISAN).
- 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.
MORE ABOUT PM KISAN
- The Pradhan Mantri Kisan Samman Nidhi Yojana (PM-Kisan Yojana) is a central sector scheme for the families of farmers across the country.
- The scheme defines family as husband, wife and minor children. The scheme, which came into effect from December 1, 2018, provides Rs 2,000 each in three installments for every four months to the farmer families.
- State Government and UT administration will identify the farmer families which are eligible for support as per scheme guidelines.
- The fund will be directly transferred to the bank accounts of the beneficiaries.
Objectives of Scheme
- With a view to augment the income of the Small and Marginal Farmers (SMFs), the Government has launched a new Central Sector Scheme, namely, “Pradhan Mantri KIsan SAmman Nidhi (PM-KISAN)” in the current financial year.
- The PM-KISAN scheme aims to supplement the financial needs of the SMFs in procuring various inputs to ensure proper crop health and appropriate yields, commensurate with the anticipated farm income at the end of the each crop cycle.
- This would also protect them from falling in the clutches of moneylenders for meeting such expenses and ensure their continuance in the farming activities.
Similar scheme by state govt
Rythu Bandhu scheme
- Rythu Bandhu scheme also Farmer’s Investment Support Scheme (FISS) is a welfare program to support farmer’s investment for two crops a year by the Government of Telangana.
- The government is providing 58.33 lakh farmers, ₹5000 per acre per season to support the farm investment, twice a year, for rabi(Yasangi) and kharif(Rainy) seasons.
- This is a first direct farmer investment support scheme in India, where the cash is paid directly
- Tenant farmers were excluded from the scheme to prevent legal disputes arising out of tenancy
Give it Up! Option – the government and appealed to all rich farmers to give there name from beneficiaries of subsidies