PM-KISAN completed the first year on 24 February | 24-02-2020

The scheme will enable the farmers to take care of expenses related to agriculture and allied activities and domestic needs

24 February 2020 Current Affairs:Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) celebrated the first anniversary of the new Central Sector Scheme on 24 February 2020. The Central Government has released more than Rs.50850 crores so far. The total number of beneficiaries covered under the scheme, based on estimates of the Agriculture Census 2015-16, is about 14 crore.

PM-KISAN scheme:
♦ The scheme was aimed to augment the income of the farmers, with less than 2 hectares of land, by providing income support to all landholding farmers’ families across the country.
♦ The scheme will enable the farmers to take care of expenses related to agriculture and allied activities and domestic needs.
♦ Under the Scheme, an amount of Rs.6000 per year is transferred in three 4-monthly installments of Rs.2000. The amount will be directly transferred to the bank accounts of the farmers, subject to certain exclusion criteria relating to higher-income status.
♦ The PM-KISAN Scheme was formally launched on 24 February 2019 by the Prime Minister Narendra Modi at Gorakhpur, Uttar Pradesh.
♦ The scheme was announced in Piyush Goyal’s interim budget 2019-20 and is completely funded by the central government.
♦ The State/UT Governments are responsible for the identification of beneficiaries. A special web-portal www.pmkisan.gov. has been launched for the Scheme.
♦ The financial benefits are released to the beneficiaries on the basis of the data of farmers prepared and uploaded by the state/UT governments on the PM-Kisan web-portal.

 


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