Under PM-KISAN scheme, the eligible farmers will get yearly income support of _______ Rupees.

Question

Question

This question was previously asked in

NPCIL Stipendiary Trainee (Category-II) Official Paper (Held On: 11 Jun 2019)

Answer 1

The correct answer is 6000 Rupees.

Key Points

Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme provides an income support of Rs. 6,000 per year to all eligible farmer families across the country.
The amount is payable in three equal installments of Rs. 2,000 each every four months, directly into the bank accounts of the beneficiaries.
Launched on 24th February 2019, PM-KISAN aims to supplement the financial needs of small and marginal farmers.
As of the latest data, more than 11 crore farmers have benefited from the scheme.
The scheme is fully funded by the Government of India.

Additional Information

Eligibility Criteria:
- All small and marginal farmers who own cultivable land up to 2 hectares are eligible for the scheme.
- Farmers from both urban and rural areas can apply for the benefits.
- Institutional landholders, farmer families holding constitutional posts, serving or retired officers and employees of State/Central government are excluded from the scheme.
Application Process:
- Farmers need to contact local revenue officers (patwaris) or nodal officers nominated by the state government.
- They can also register themselves through the common service centers (CSCs).
- A dedicated PM-KISAN portal allows farmers to check their application status and payment details.
Implementation:
- The scheme is implemented by the Department of Agriculture, Cooperation & Farmers Welfare.
- Beneficiary lists are prepared by the respective state governments, which are then verified and approved.
- Funds are transferred directly to the bank accounts of the beneficiaries through Direct Benefit Transfer (DBT).
Impact:
- The scheme aims to provide financial stability to farmers, enabling them to meet their agricultural and household needs.
- It is expected to increase the agricultural production and productivity by ensuring timely access to inputs.
- PM-KISAN also seeks to reduce the dependence of farmers on informal sources of credit, thereby reducing the debt burden.