What Is PM-KISAN Scheme?

Prime Minister Narendra Modi on Friday transferred Rs 18,000 crore to the financial institution accounts of over 9 crore farmers beneath a central scheme referred to as “Pradhan Mantri Kisan Samman Nidhi” or PM-KISAN. The transfer comes amid unrelenting protests by farmers towards three agriculture legal guidelines handed by the centre earlier this 12 months.

PM-KISAN was launched by the centre in February final 12 months to supply direct monetary help to small and marginal farmers.

Below the scheme, farmers who personal no more than two hectares of cultivable land are entitled to a yearly grant of Rs 6,000. The quantity shall be paid to farmers by the use of direct financial institution switch in three instalments — 4 months aside.

In June 2019, all farmers had been included into the scheme regardless of the scale of their landholdings. Nevertheless, prosperous landholders together with docs, chartered accountants, engineers, attorneys, authorities servants and holders of constitutional posts and many others, had been stored out of the ambit of the scheme.

All those that paid their earnings tax return had been additionally excluded from the scheme. Retired individuals with pension equal to or greater than Rs 10,000 had been additionally excluded.  

The PM-KISAN scheme is funded by the centre; Rs 75,000 crore per 12 months is put aside for it.

To avail the scheme, farmers are required to register on the net portal, www.pmkisan.gov, by importing paperwork that show their eligibility. The information of beneficiaries uploaded by them undergoes a multi-level verification, together with by banks.

Farmers can register themselves for the scheme by logging on to the net portal or utilizing paid government-recognised services.

Earlier this 12 months, the centre launched a toll-free quantity – 1800115526 – to assist farmers who need to avail the scheme.

Ever for the reason that scheme was launched, greater than 1 lakh 10 thousand crore rupees have been disbursed to farmers, PM Modi mentioned at present.