The Indian Prime Minister has launched the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) from Gorakhpur, Uttar Pradesh. The scheme was announced in the interim Budget 2019-20.
The PM Kisan scheme seeks to a) provide assured supplemental income to the most vulnerable farmer families, b) meet farmers’ emergent needs especially before the harvest season
Under this programme, small and marginal farmer families, having cultivable land up to 2 hectares, will be provided direct income support at the rate of Rs. 6,000 per year. The amount will be transferred directly to the bank account of the beneficiaries in 3 equal instalments.