Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) 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 the 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 farming activities.
The Scheme shall be effective from 01.12.2018 for transfer of benefit to eligible beneficiaries. The cut-off date for determining the eligibility of beneficiaries have been kept as 01.02.2019. Changes, if any, in the cut-off date for eligibility of benefit under the scheme for the next 5 years will only be considered with approval of the Cabinet. However, benefit will be allowed on transfer of ownership of cultivable land on account of succession due to the death of the landowner.
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The SMFs landholder farmer family is defined as “a family comprising of husband, wife and minor children who collectively own cultivable land up to 2 hectares as per land records of the concerned State/UT”.
The number of eligible SMFs under the scheme has been estimated on the basis of the projection of Agricultural Census 2015-16 data for 2018-19. The projected number of holding of SMFs landholder farmer families for FY 2018-19 is 13.15 crore. Due to likely exclusion of certain categories of beneficiaries of higher economic strata, the total number of eligible beneficiaries has been taken as 12.50 crore.