Today is the second anniversary of Pradhan Mantri Kisan Samman Nidhi, PM KISAN. The Scheme was formally launched on 24th February in the year 2019 by Prime Minister Narendra Modi at a function at Gorakhpur in Uttar Pradesh. PM KISAN was started with a view to augment the income of the farmers by providing income support to all landholding farmers’ families across the country.
Under the PM KISAN Scheme, an amount of 6000 rupees per year is transferred in three installments of 2000 rupees directly into the bank accounts of the farmers. The Scheme initially provided income support to all Small and Marginal Farmers’ families across the country, holding cultivable land upto 2 hectares. Its ambition was later expanded to cover all farmer families in the country irrespective of the size of their land holdings. Affluent farmers have been excluded from the scheme. Since this scheme started, more than 1 lakh 10 thousand crore rupees have reached the account of farmers.
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