The Union Cabinet has approved to extend the ambit of the PM Kisan Samman Nidhi Yojana.
This scheme can now be availed by all land holding eligible farmer families (subject to the prevalent exclusion criteria) under the scheme irrespective of the size of land holdings.
The revised Scheme is now expected to cover around 2 crore more farmers increasing the coverage of PM-KISAN to around 14.5 crore beneficiaries.
The PM KISAN scheme was announced in the interim Budget 2019-20.The 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 the scheme,a direct income support of Rs 6,000/annum was provided to only small and marginalised farmers.The financial assistance will be directly transferred to the bank accounts of the beneficiary in 3 equal instalments.
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