Pradhan_Mantri_Kisan_Samman_Nidhi

Pradhan Mantri Kisan Samman Nidhi

Pradhan Mantri Kisan Samman Nidhi

Indian welfare scheme

Pradhan Mantri Kisan Samman Nidhi (PMKISAN, translation: Prime Minister's Farmer's Tribute Fund) is an initiative by the government of India that give farmers up to ₹6,000 (US$75) 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 ₹930 billion or US$12 billion in 2023) per annum and came into effect December 2018.[5] PM Modi releases 16th installment of PM Kisan Yojana in Maharashtra.

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History

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]

Ministry of Agriculture and Farmers Welfare has awarded the top-performing states, and districts under PM Kisan Samman Nidhi Yojana. In addition to PMKISAN, individuals can explore a wide range of government schemes aimed at providing financial assistance and support to farmers and other beneficiaries. Websites like PM Yojana offer detailed insights into such schemes, empowering citizens with valuable information to avail themselves of these benefits.[13] It is based on the criteria such as correction of data, addressing farmer grievances, and timely physical verification exercise.[14]

Comparison with similar schemes

More information Aspect, PM-Kisan ...

See also

References

  1. [1]
    "Piyush Goyal announces PM Kisaan Samman Nidhi". CNBC TV18. Retrieved 1 February 2019.
  2. [2]
    "12 Crore farmers to get benefit". NewsX. Retrieved 1 February 2019.
  3. [3]
    "Interim Budget". Outlook India. Retrieved 1 February 2019.
  4. [4]
    "Interim Budget 2019". Zee News. Retrieved 1 February 2019.
  5. [5]
    "Goyal announces". dailyexcelsior.com. Retrieved 1 February 2019.
  6. [6]
    Rajeev, M. (2 March 2019). "World Bank pat for Rythu Bandhu implementation". The Hindu. ISSN 0971-751X. Retrieved 3 April 2019.
  7. [7]
    Lasania, Yunus Y. (26 December 2018). "Telangana shows an alternative to farm loan waivers". Mint. Retrieved 3 April 2019.
  8. [8]
    "Centre replicates Telangana's Rythu Bandhu scheme to give income support to farmers". Thenewsminute.com. February 2019. Retrieved 3 April 2019.
  9. [9]
    "Interim Budget 2019". Zee News. Retrieved 1 February 2019.
  10. [10]
    "Interim Budget". Outlook India. Retrieved 1 February 2019.
  11. [11]
    "VIDEO: PM Modi launches Pradhan Mantri Kisan Samman Nidhi Yojana, other initiatives in Gorakhpur". Indiatvnews.com. 24 February 2019. Retrieved 24 February 2019.
  12. [12]
    "PM Modi unveils Pradhan Mantri Kisan Samman Nidhi scheme in Gorakhpur". Business Standard India. 24 February 2019. Retrieved 24 February 2019.
  13. [13]
    Khaire, Sagar. "Pradhan Mantri Kisan Samman Nidhi Yojana: किसानों के लिए वित्तीय सहायता कार्यक्रम". PM Yojana. Retrieved 21 April 2024.
  14. [14]
    "PM-Kisan: Centre awards top-performing states and districts". Rural Marketing. 25 February 2021.
  15. [15]
    "What is Kalia scheme and who is eligible to get its benefits?". The New Indian Express. Archived from the original on 13 April 2019. Retrieved 13 April 2019.
  16. [16]
    "Telangana government releases Rythu Bandhu funds ahead of municipal polls". The New Indian Express. Retrieved 29 November 2021.
  17. [17]
    "PM Kisan" (PDF). Archived from the original (PDF) on 10 January 2020. Retrieved 3 September 2020.
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