PM-KISAN: PM Modi Transfers Rs 18,880 Crore to 9.44 Crore Farmers
Prime Minister Narendra Modi will release the 23rd instalment of the PM-KISAN scheme, providing financial aid directly to millions of farmers across India.
Source: GNews PM SchemePrime Minister Narendra Modi is set to transfer Rs 18,880 crore to 9.44 crore farmers under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme. This will be the 23rd instalment of the scheme. The direct benefit transfer will take place on June 20. The PM-KISAN scheme aims to provide income support to all landholding farmer families in India. Under this scheme, eligible farmer families receive Rs 6,000 per year in three equal instalments of Rs 2,000 each. The funds are directly transferred to the bank accounts of the beneficiaries. This initiative helps farmers meet their agricultural and domestic needs, especially during crucial farming seasons. The PM-KISAN scheme is a significant government welfare program for the agricultural sector.
This news is important for competitive exams, especially for topics related to Government Schemes and Agriculture under UPSC GS Paper II and III, and SSC General Awareness. Aspirants should understand the objectives, features, and impact of PM-KISAN. Questions often focus on the amount disbursed, number of beneficiaries, and the scheme's implementation details. It highlights the government's focus on farmer welfare and income support, a recurring theme in economic and social development sections.
- PM Modi will transfer Rs 18,880 crore under the PM-KISAN scheme.
- The funds will benefit 9.44 crore farmer families across India.
- This marks the 23rd instalment of the PM-KISAN scheme.
- The transfer of funds is scheduled for June 20.
- Each eligible farmer family receives Rs 6,000 annually under the scheme.
- The annual amount is disbursed in three equal instalments of Rs 2,000 each.
Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) is a Central Sector Scheme launched in February 2019. It provides income support to all landholding farmer families in India. The scheme aims to supplement the financial needs of farmers to procure various inputs for agriculture and allied activities, as well as domestic needs. The entire financial liability for the scheme is borne by the Government of India.
Direct Benefit Transfer (DBT) is a government initiative to transfer subsidies directly to the bank accounts of beneficiaries. It aims to reduce leakages, delays, and corruption in the delivery of welfare schemes. DBT uses Aadhaar-linked bank accounts to ensure that funds reach the intended recipients efficiently. Many government schemes, including PM-KISAN, utilize the DBT mechanism.
UPSC and State PSC exams frequently ask about the launch year, financial outlay, and target beneficiaries of major government welfare schemes like PM-KISAN. SSC exams often test the full form of such schemes and the amount of assistance provided.
Remember PM-KISAN as 'Kisan' (farmer) getting 'Samman' (respect/support) of '6K' (Rs 6,000) annually.
Frequently Asked Questions
What is the main objective of the PM-KISAN scheme?
The main objective of the PM-KISAN scheme is to provide income support to all landholding farmer families across India. It helps them meet expenses related to agriculture and other domestic needs, ensuring their financial stability.
How much financial assistance do farmers receive under PM-KISAN?
Under the PM-KISAN scheme, eligible farmer families receive Rs 6,000 per year. This amount is disbursed in three equal instalments of Rs 2,000 each, directly transferred to their bank accounts.
When was the PM-KISAN scheme launched and by which ministry?
The PM-KISAN scheme was launched on February 24, 2019. It is implemented by the Ministry of Agriculture & Farmers Welfare, Government of India.