Pradhan Mantri Kisan Samman Nidhi (PMKSN) to provide assured income support to small and marginal farmers

Sarkaritel
By Sarkaritel February 1, 2019 19:46


By  T N Ashok

New Delhi, Feb 01 2019 (sarkaritel.com) To provide an assured income support to the small and marginal farmers, the Government is launching the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN).

While presenting the Interim Budget 2019-20 in Parliament today the Union Minister for Finance, Corporate Affairs, Railways & Coal, Piyush Goyal said, “Under this programme, vulnerable landholding farmer families, having cultivable land upto 2 hectares, will be provided direct income support at the rate of Rs. 6,000 per year. This income support will be transferred directly into the bank accounts of beneficiary farmers, in three equal instalments of Rs. 2,000 each. This programme will be funded by Government of India.

Around 12 crore small and marginal farmer families are expected to benefit.  The programme would be made effective from 1st December 2018 and the first instalment for the period up to 31st March 2019 would be paid during this year itself. This programme will entail an annual expenditure of Rs.75,000 crore”.

PM-KISAN would not only provide assured supplemental income to the most vulnerable farmer families, but would also meet their emergent needs especially before the harvest season. PM-KISAN would pave the way for the farmers to earn and live a respectable living.

Sarkaritel
By Sarkaritel February 1, 2019 19:46