MASSIVE | Modi govt plans broad-basing farmers welfare scheme, will discuss extending PM Kisan Samman Nidhi Yojana to all poor farmers including landless farmers: Sources

In a massive move, a day after Prime Minister Narendra Modi's swearing-in, sources have informed Republic TV about first step Modi government will take after portfolios are allocated to Cabinet Ministers who took oath along with Prime Minister on May 30. 

In a major scoop, sources have said that  nda of Modi government will be to extend Prhan Mantri Kisan Samman Nidhi Yojana popularly kwn as PM Kisan scheme to all poor farmers. ditionally, sources also said that re are discussions on farmers pension scheme.

Prime Minister Narendra Modi launched  Prhan Mantri Kisan Samman Nidhi scheme from Uttar Presh's Gorakhpur transferring first instalment of Rs. 2,000 each to over one crore farmers. 

Presenting  budget for year 2019-2020, interim Finance Minister Piyush Goyal in a massive boost to farming and agricultural sector, during his speech, anunced that farmers who own up to two hectares of land will be directly provided with an income of Rs 6000 every year.

government came up with a Prhan Mantri Kisan Sammaan Nidhi scheme aiming to provide small-sized farmers with 'structured, direct income support' so that y don't fall into clutches of money lenders.

What is  Prhan Mantri Kisan Samman Nidhi scheme?

1.  Prhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) was anunced in  interim Budget 2019-20 on February 1, 2019. However, scheme will be effective retrospectively from December 1, 2018 and will benefit more than 12 crore farmers.

2. Under  Scheme, Rs. 6,000 will be given per year to small and marginal farmers having combined land holding or ownership of up to two hectares.

3. amount will be given in three instalments of Rs. 2,000 each and will be transferred directly to bank account of beneficiaries through Direct Benefit Transfer.

4. PM-KISAN, which is entirely funded by central government, will incur an annual expenditure of Rs. 75,000 crore, said Ministry of Agriculture in a press release on Saturday.

5. existing land-ownership system in states/UTs (Union territories) will be used for identification of beneficiaries. Those whose names appear in land records as on February 1, 2019 are eligible for benefit, furr said release.

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What are highlights of PMKSNY?
 

• This scheme was proposed by Central Government of India to make sure of income assistance to small and marginal farmers.
   
• weaker peasant families having cultivable land of less than 2 Hectares would be receiving Rs 6,000 as direct income assistance.
   
• scheme’s funding would be done by Central Government of India over three equal installments of Rs 2000 each or farmers would receive an income of Rs 500 each month.
   
• Nearly 12 Crores small and marginal farmers would be benefiting from Prhan Mantri Kisan Samman Nidhi Yojana scheme.
   
• Prhan Mantri Kisan Samman Nidhi Yojana scheme would cost a whopping Rs 75,000 Crores to Government of India.
   
• re is room for corruption as benefits of scheme are directly transferred to bank accounts of beneficiaries.
   
• PMKSNY would t offer ditional income to impoverished farmers, inste, it helps m with emerging needs of crop season.

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