Hello and welcome to exampundit. As a part of our Government Schemes PDFs Series, today we are sharing the PDF on Pradhan Mantri Kisan Samman Nidhi. This is important for all Bank PO, Clerk and Competitive Exams.
So, here is the detailed scheme. We will be sharing the PDF once the Scheme is Officially Launched.
Pradhan Mantri Kisan Samman Nidhi
Piyush Goyal announced the Pradhan Mantri Kisan Samman Nidhi Scheme in the Interim Budget 2019. This scheme will benefit about 12 crore small and marginal farmers in India.
Pradhan Mantri Kisan Samman Nidhi scheme will cost ₹75,000 crore per annum. There are 12.56 crore marginal and small farmers having less than 2 hectares (5 acre) holdings.
Pradhan Mantri Kisan Samman Nidhi is a modification of the Rythu Bandhu scheme of the Telangana government, which provides assistance on a per-acre basis (Rs 8,000 per acre per year) without any holding size limit.
Pradhan Mantri Kisan Samman Nidhi in Brief
| Launch Year | Effective from December 2018 |
| Scheme Outlay | ₹75000 crore per year |
| Minimum Income Support | ₹6000 per year / ₹2000 thrice a year |
| Contribution | 100% Central Government Sponsored |
| Eligibility | less than 2 hectares or 4.9 acres of land |
Highlights of Pradhan Mantri Kisan Samman Nidhi
All the small and marginal farmers of India who have less than 2 hectares or 4.9 acres of land will be eligible for this scheme.
The Eligible farmers will get ₹6000 per year as minimum income support.
And, the amount will be transferred directly to bank accounts of farmers in three equal installments.
Also, Government has announced to spend ₹75000 crore per annum on this scheme.
The programme will be funded 100 per cent by the Central government.
Also, this scheme comes into effect from December, 2018.
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