About the scheme

• Pradhan Mantri Kisan SAmman Nidhi (PM-KISAN) is a Central Sector Scheme with 100% funding from Government of India.
• Aim : To augment the income of the farmers by providing income support to all landholding farmers’ families across the country.
• Launched in 2019, the Scheme initially provided income support to all Small and Marginal Farmers’ families across the country, holding cultivable land upto 2 hectares. Its ambit was later expanded to cover all farmer families in the country irrespective of the size of their land holdings. 
• Under the Scheme an amount of Rs. 6000/- per year is transferred in three 4-monthly installments of Rs. 2000/- directly into the bank accounts of the farmers, subject to certain exclusion criteria relating to higher income status.
• Excluded from the scheme
  • Institutional land holders,
  • Farmer families holding constitutional posts,
  • Serving or retired officers and employees of state/central government as well as PSUs and government autonomous bodies.
  • Professionals like doctors, engineers and lawyers as well as retired pensioners with a monthly pension of over Rs 10,000 and those who paid income tax in the last assessment year.
• Identification of beneficiaries: The responsibility of identifying the eligible beneficiary farmers and uploading their data on the PM-KISAN portal lies entirely with the state governments.

Why in News?

• The centre has decided to release the 17th instalment of PM Kisan Nidhi, which will benefit 9.3 crore farmers with a distribution of around ₹20,000 crore.

https://pib.gov.in/PressReleaseIframePage.aspx?PRID=2023689