Pradhan Mantri KIsan SAmman Nidhi (PM-KI

What is the objective of Pradhan Mantri KIsan SAmman Nidhi (PM-KISAN)?

• The PM-KISAN scheme aims to supplement the financial needs of the SMFs in procuring various inputs to ensure proper crop health and appropriate yields, commensurate with the anticipated farm income at the end of the each crop cycle.
• This would also protect them from falling in the clutches of moneylenders for meeting such expenses and ensure their continuance in the farming activities.

Who are the small and marginal farmers?

The SMFs landholder farmer family is defined as “a family comprising of husband, wife and minor children who collectively own cultivable land upto 2 hectare as per land records of the concerned State/UT”.

What is the basis for identification?

• The number of eligible SMFs under the scheme has been estimated on the basis of projection of Agricultural Census 2015-16 data for 2018-19.
• The existing land-ownership system will be used for identification of beneficiaries for calculation of financial benefit under the scheme.

What are the Scheme Contours and the Financial Outlay?

The Scheme to be implemented as Central Sector Scheme with 100% financial support by Government of India (GoI).

Under the Scheme, a direct payment of Rs. 6000 per year will be transferred in three equal installments of Rs. 2000 each every four months into the Aadhar ceded bank accounts of eligible landholding SMFs families.