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Pradhan Mantri Kisan Samman Nidhi

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Pradhan Mantri Kisan Samman Nidhi
Type of projectGovernmental
CountryIndia
MinistryMinistry of Agriculture and Farmers Welfare
Key peopleVivek Aggarwal (IAS)
Established1 February 2019; 5 years ago (2019-02-01)
Budget₹75,000 crore (equivalent to ₹930 billion or US$11 billion in 2023)
Websitepmkisan.gov.in

Pradhan Mantri Kisan Samman Nidhi (PMKISAN, translation: Prime Minister's Farmer's Tribute Fund) is an initiative by the government of India that give farmers up to ₹6,000 (US$72) per year as minimum income support. The initiative was announced by Piyush Goyal during the 2019 Interim Union Budget of India on 1 February 2019.[1][2][3][4] The scheme has cost ₹75,000 crore (equivalent to ₹930 billion or US$11 billion in 2023) per annum and came into effect December 2018.[5][6]

History

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The scheme was first conceived and implemented by government of Telangana as the Rythu Bandhu scheme, where a certain amount is given directly to eligible farmers. The scheme has received accolades[7] from various organisations for its successful implementation, including World Bank. Many economist suggest that this type of investment support is better[8] than farm loan waivers. With the positive outcome of this scheme, Government of India wanted to implement[9] it as nationwide project and it was announced by Piyush Goyal during the 2019 Interim Union Budget of India on 1 February 2019.[10][11]

For 2018–2019, ₹20,000 crore was allocated under this scheme. On 24 February 2019, Narendra Modi launched the scheme in Gorakhpur, Uttar Pradesh, by transferring the first instalment of ₹2,000 each to over one crore farmers.[12][13]

Ministry of Agriculture and Farmers Welfare has awarded the top-performing states, and districts under PM Kisan Samman Nidhi Yojana.[14] In addition to PMKISAN, individuals can explore a wide range of government schemes aimed at providing financial assistance and support to farmers and other beneficiaries. It is based on the criteria such as correction of data, addressing farmer grievances, and timely physical verification exercise.[15]

Comparison with similar schemes

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Aspect PM-Kisan Rythu Bandhu Annadatha Sukhibhava KALIA scheme[16]
Started by Union Government of India Telangana Government Andhra Pradesh Government Odisha Government
Establish Date 1 February 2019; 5 years ago (2019-02-01) 10 May 2018; 6 years ago (2018-05-10) 5 February 2019; 5 years ago (2019-02-05) 1 January 2019; 5 years ago (2019-01-01)
Unit Per family Per acre of land Per family Per family
Number of beneficiaries Approximately 120 million Approximately 6 million Approximately 7 million 6 million families
Assistance ₹ 6,000 per year in three installments ₹ 10,000 per year per acre in two installments[17] ₹9,000 extra in addition to PM Kisan benefit,

₹15,000 for non-beneficiaries of PM Kisan

₹5,000 per farm family over five seasons
Exclusion Last year Income Tax Payers,

Civil Servants with High Income

No exclusion No exclusion No exclusion
Cap Small and marginal farmers

Up to 2 hectares[18]

Land holding of 51 acres agriculture land and 21 acres of dry land No cap Small and marginal farmers

Up to 2 hectares

Eligibility Landowners only Landowners Only Landowners and tenant cultivators Landowners and tenant cultivators
Tenant farmers Not covered Not covered Covered Covered
Annual budget ₹ 700 billion ₹ 120 billion ₹ 50 billion ₹ 40 billion

See also

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References

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  1. ^ "Piyush Goyal announces PM Kisaan Samman Nidhi". CNBC TV18. Retrieved 1 February 2019.
  2. ^ "12 Crore farmers to get benefit". NewsX. Retrieved 1 February 2019.
  3. ^ "Interim Budget". Outlook India. Retrieved 1 February 2019.
  4. ^ "Interim Budget 2019". Zee News. Retrieved 1 February 2019.
  5. ^ "Goyal announces". dailyexcelsior.com. Retrieved 1 February 2019.
  6. ^ Pularo, John. "PM Kisan Samman Nidhi Yojana". Retrieved 22 August 2023.
  7. ^ Rajeev, M. (2 March 2019). "World Bank pat for Rythu Bandhu implementation". The Hindu. ISSN 0971-751X. Retrieved 3 April 2019.
  8. ^ Lasania, Yunus Y. (26 December 2018). "Telangana shows an alternative to farm loan waivers". Mint. Retrieved 3 April 2019.
  9. ^ "Centre replicates Telangana's Rythu Bandhu scheme to give income support to farmers". Thenewsminute.com. February 2019. Retrieved 3 April 2019.
  10. ^ "Interim Budget 2019". Zee News. Retrieved 1 February 2019.
  11. ^ "Interim Budget". Outlook India. Retrieved 1 February 2019.
  12. ^ "VIDEO: PM Modi launches Pradhan Mantri Kisan Samman Nidhi Yojana, other initiatives in Gorakhpur". Indiatvnews.com. 24 February 2019. Retrieved 24 February 2019.
  13. ^ "PM Modi unveils Pradhan Mantri Kisan Samman Nidhi scheme in Gorakhpur". Business Standard India. 24 February 2019. Retrieved 24 February 2019.
  14. ^ "PM Kisan money for the 18th installment will come in October". Prabhat Khabar. 7 September 2024. Retrieved 13 September 2024.{{cite news}}: CS1 maint: url-status (link)
  15. ^ "PM-Kisan: Centre awards top-performing states and districts". Rural Marketing. 25 February 2021.
  16. ^ "What is Kalia scheme and who is eligible to get its benefits?". The New Indian Express. Archived from the original on 13 April 2019. Retrieved 13 April 2019.
  17. ^ "Telangana government releases Rythu Bandhu funds ahead of municipal polls". The New Indian Express. Retrieved 29 November 2021.
  18. ^ "PM Kisan" (PDF). Archived from the original (PDF) on 10 January 2020. Retrieved 3 September 2020.
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