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Pradhan Mantri Kisan Samman Nidhi

Pradhan Mantri Kisan Samman Nidhi is an initiative by the government of India in which all small and marginal farmers will get up to ₹6,000 (US$87) 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.The scheme will cost ₹75,000 crore (US$11 billion) per annum and will come in effect from December 2018.[5] ₹6,000 per year will be paid to each eligible farmer in three instalments and will be deposited directly to their bank accounts.

Union Finance Minister Nirmala Sitharaman in her address on the final tranche of Rs 20 lakh crore economic package on Sunday informed that 8.19 crore beneficiary farmers of the PM Kisan Samman Nidhi (PM-KISAN) have got an instalment of Rs 2,000 under the Pradhan Mantri Garib Kalyan Yojana.

“One time of Rs 2,000 has reached 8.19 crore farmers, a total amount of Rs 16,394 crore. NSAP beneficiaries got Rs 1,405 crore in the first instalment and Rs 1,402 crore in 2nd instalment, target of Rs 3,000 crore nearly achieved,” Sitharaman said.

Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) is a Central Sector Scheme with 100% funding from Government of India. The Scheme is effective from 1.12.2018.

Documents required:

  • The beneficiaries must have an Aadhaar Card and a bank account. New applicants can upload their documents through the ‘Farmers Corner’ in the portal.

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

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 The beneficiaries can access the online list in simple steps by visiting the ‘Farmer Corner’ from the menu bar on the PM Kisan website. Click on the link for ‘beneficiary list’ and enter state, district, sub-district, block and village details. Then click on ‘Get Report’ to access the complete list.
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