Objective:

• With a view to Augment the Income of the Small and Marginal Farmers (SMFs), the Government has launched a new Central Sector Scheme, namely, “Pradhan Mantri Kisan Samman Nidhi (PM-KISAN)” in the current financial year.
• The PM-KISAN scheme aims to supplement the financial needs of the SMFs in Procuring Various Inputs to ensure proper Crop Health and appropriate yields, commensurate with the anticipated farm income at the end of each crop cycle.
• This would also Protect them from Falling in The Clutches of Moneylenders for meeting such expenses and ensure their continuance in the farming activities

Definition of Families:

• The  SMFs  landholder  farmer  family  is  defined  as  “a  family  comprising  of  husband,  wife and minor children who collectively own cultivable land upto 2 hectare as per land records of the concerned State/UT”

Fund:

• Financial year 2018-19, a budget provision of Rs. 20,000 crores has been kept.

Benefit to Eligible SMFs:

• Under the Scheme, a Direct Payment of Rs. 6000 per year will be transferred in three equal  instalments  of  Rs.  2000  Every  Four  Months  into  the  Aadhar  ceded  bank accounts of eligible landholding SMFs families.

Monitoring of the Scheme:

• For effective review and monitoring of the scheme, a Project Monitoring Unit (PMU) at Central level will be set up in DAC & FW.