PM KISAN Samman Nidhi: Are instalment BENEFITS allowed to only small and marginal farmers' families? Check what Modi government has mentioned
Under the PM-KISAN scheme, all landholding farmers' families will be provided the financial benefit of Rs 6,000 per annum per family payable in three equal instalments of Rs 2,000 each, every four months.
Pradhan Mantri Kisan Samman Nidhi news: Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) is a new Central Sector Scheme that provides income support to all landholding farmers' families in the country to supplement their financial needs for procuring various inputs related to agriculture and allied activities as well as domestic needs.
Under the scheme, the entire financial liability towards the transfer of benefit to targeted beneficiaries will be borne by the Central Government. This month, the government has already released PM Kisan 9th Instalment. And farmers will get their 9th instalment of the PM-KISAN Scheme now.
So are the PM KISAN instalment benefits admissible to only Small and Marginal Farmers' (SMF) families? ln the beginning when the PM-Kisan Scheme was launched on 24th February 2019, its benefits were admissible only to Small & Marginal Farmers' (S&M) families, with combined landholding up to 2 hectares. The Scheme was later on revised with effect from 1st June 2019 and extended to all farmer families irrespective of the size of their landholdings.
The Central, State Government, PSU, Autonomous Organization employees, who hold cultivable land in his/her own name in villages, are not eligible to get the benefit under the scheme. Also, all serving or retired officers and employees of central / state Government ministries, Offices, Departments and their field units, Central or State PSEs and attached offices, autonomous institutions under the government, as well as regular employees of the local bodies, are not eligible to get benefit under the scheme. However, serving or retired Multi-Tasking Staff (MTS), Class IV, Group D employees are eligible to get benefit under the Scheme, provided their families are otherwise eligible and not covered under other exclusion criteria.
Under the PM-KISAN Scheme, benefits are transferred in three, four-monthly periods. In every four months period, Rs 2000 is transferred to eligible farmers families. Therefore, benefits of Rs 6000 is transferred annually.
See Zee Business Live TV Streaming Below:
PM KISAN is a government scheme with 100 per cent funding from the Government of India. Started on December 1, 2018, the scheme promises income support of Rs 6,000 per year in three equal instalments to small and marginal farmer families, having combined landholding or ownership of up to 2 hectares.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
PPF For Regular Income: How you can get Rs 78,000 a month tax-free income through Public Provident Fund investment?
Hybrid Mutual Funds: Rs 50,000 one-time investment in 3 schemes has grown to at least Rs 1.54 lakh in 5 years; see list
01:21 PM IST