Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme completed 3 years on 24th February 2022. This was launched on 24th of February in 2019 to provide income support to all landholding farmer’s families across the country and enable them to meet expenses related to agriculture as well as domestic needs.
Under the Scheme, an amount of six thousand rupees per year is transferred in 3 equal installments of 2000 rupees directly into the bank accounts of the farmers subject to certain exclusion criteria relating to higher-income status.
The Scheme initially provided income support to all Small & Marginal Farmers’ families having cultivable land up to two hectares, but later it was expanded to cover all farmer families irrespective of the size of their landholdings.
So far, over 1.80 lakh crore rupees have been transferred directly into the bank accounts of the farmer families under the PM -KISAN Scheme.