Prime Minister Narendra Modi formally kicked off the implementation of
Rs 75,000-crore Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme and
distributed the first instalment of Rs 2,000 to over one crore farmers
during his visit to Gorakhpur and Prayagraj on Sunday.
The Kisan scheme( announced in the 2019-20 Interim Budget presented by FM Piyus Goyal) launched to address farm distress, guarantees Rs 6,000 annually to farmers with less than 2 hectares of land, in three instalments.
Since the scheme was launched retrospectively from December 1, 2018, the first installment of Rs 2,000 is due within the current fiscal year ending March 31, 2019, few weeks before the Lok Sabha polls.
A small and marginal landholder farmer family for the purpose of the calculation of the benefit has been defined as "a family comprising of husband, wife and minor children (up to 18 years of age) who collectively own cultivable land up to 2 hectare as per land records of the concerned State/UT". The existing land-ownership system in the concerned states/UTs will be used for identification of beneficiaries. Those whose names appear in land records as on February 1, 2019, are eligible for benefit
Taking a dig at the UPA government, Modi said: "Previous governments used to make farmers cry out for small benefits...they could never work for farmer's benefit. Our govt has worked for the poor and farmers...we have worked hard to ensure that every help is extended to farmers so that by 2022 they can double their income."
Modi announced that in the coming years more 75000cr will be transferred to the accounts of farmers with 5acres and less.
Charting details of the Kisan Scheme, Modi said that the first instalment of the cash transfer will be directly deposited to the bank accounts of farmers in the next few weeks. The state government has been assigned the role of bookkeeper here. They just have to submit the list of farmers in their states and the Government will ensure that money is transferred to their accounts.
The Kisan scheme( announced in the 2019-20 Interim Budget presented by FM Piyus Goyal) launched to address farm distress, guarantees Rs 6,000 annually to farmers with less than 2 hectares of land, in three instalments.
Since the scheme was launched retrospectively from December 1, 2018, the first installment of Rs 2,000 is due within the current fiscal year ending March 31, 2019, few weeks before the Lok Sabha polls.
A small and marginal landholder farmer family for the purpose of the calculation of the benefit has been defined as "a family comprising of husband, wife and minor children (up to 18 years of age) who collectively own cultivable land up to 2 hectare as per land records of the concerned State/UT". The existing land-ownership system in the concerned states/UTs will be used for identification of beneficiaries. Those whose names appear in land records as on February 1, 2019, are eligible for benefit
Taking a dig at the UPA government, Modi said: "Previous governments used to make farmers cry out for small benefits...they could never work for farmer's benefit. Our govt has worked for the poor and farmers...we have worked hard to ensure that every help is extended to farmers so that by 2022 they can double their income."
Modi announced that in the coming years more 75000cr will be transferred to the accounts of farmers with 5acres and less.
Charting details of the Kisan Scheme, Modi said that the first instalment of the cash transfer will be directly deposited to the bank accounts of farmers in the next few weeks. The state government has been assigned the role of bookkeeper here. They just have to submit the list of farmers in their states and the Government will ensure that money is transferred to their accounts.
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