- PM Kisan is a Central Sector scheme with 100% funding from Government of India.
- It has become operational from 1.12.2018.
- Under the scheme an income support of 6,000/- per yeardivided into three equal amounts of Rs 2,000 each and will be provided to all land holding farmer families.
- Definition of family for the scheme is husband, wife and minor children.
- State Government and UT administration will identify the farmer families which are eligible for support as per scheme guidelines.
- The fund will be directly transferred to the bank accounts of the beneficiaries.
- PM-KISAN scheme launched on 24th February 2019 to supplement the financial needs of all land-holding farmers subject to certain exclusion criteria of higher income status.
- Financial benefit of Rs 6,000/- per year in three equal instalments, every four months, is transferred into the bank accounts of farmers’ families across the country through Direct Benefit Transfer (DBT) mode.
- Till now over Rs 3.04 lakh crores has been disbursed to more than 11 Crore farmers across the nation and with this release, the total amount transferred to the beneficiaries since the inception of the scheme will cross well over Rs 3.24 lakh crores.
