Pradhan Mantri Kisan Samman Nidhi (PM-KISAN)
Polity & Governance
7th Feb, 2019
Recently, Government has launched “Pradhan Mantri Kisan Samman Nidhi (PM-KISAN)” programme to provide an assured income support to the small and marginal farmers.
Why it is needed
- Declining prices of agricultural commodities in the international market and fall in food inflation in India since 2017-18, relative to non-food sector, therefore reduced the returns from farming.
- To increase the income of farmers as small and fragmented land holdings and their further divisions has contributed in declined income.
- To provide structured income support for procuring inputs such as seeds, fertilizers, equipment, labour and other needs.
Features of the programme
- Vulnerable landholding farmer families, having cultivable land upto 2 hectares, will be provided direct income support at the rate of Rs 6,000 per year.
- Income support will be transferred directly into the bank accounts of beneficiary farmers, in three equal installments of Rs 2,000 each.
- This programme will entail an annual expenditure of Rs 75,000 crore and will be funded by Government of India. Around 12 crore small and marginal farmer families are expected to benefit from this.
- It came into effect on 1st December 2018 and the first installment for the period upto 31st March 2019 would be paid during this year itself.
Other Important Income Support Schemes for Farmers
Rythu Bandhu scheme (Telangana)/Farmers’ Investment Support Scheme (FISS).
- It is a welfare program to support farmer’s investment for two crops a year.
- The government is providing 58.33 lakh farmers, ?4000 per acre per season to support the farm investment, twice a year, for rabi and kharif seasons.
- This was the first direct farmer investment support scheme in India, where the cash is paid directly.
Krushak Assistance for Livelihood and Income Augmentation (KALIA):
- State Government of Odish aims to lend farmers with an all inclusive and flexible support system, ensuring accelerated agricultural prosperity.
- It will cover 92% of the small and marginal farmers of the State. An amount of ?10,000 per family at the rate of ?5,000 for Kharif and Rabi shall be provided as financial assistance for taking up cultivation.
- The farmers will have complete independence to take up interventions as per their needs.
- This component is not linked to extent of land owned and will greatly benefit share croppers and actual cultivators most of whom own very small extent of land.