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PM-KISAN: Here is All You Need to Know About the Scheme That is Set to Transform Small Farmer’s Life

PM-KISAN

Budget 2019 has seen the rolling out of PM-KISAN (Pradhan Mantri Kisan Samman Nidhi). Here are the finer points about this programme which is set to impact the life of 12 crore farmer families positively.

Objectives of PM-KISAN
  • To augment the income of the Small and Marginal Farmers (SMFs) and protect them from the clutches of moneylenders.
  • To supplement the financial needs of 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.
Who All Will be the Beneficiaries?
  • SMF 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 State/UT”.
  • The number of eligible SMFs under the scheme has been estimated on the basis of projection of agricultural census 2015-16 data for 2018-19.
  • Projected number of SMFs landholder farmer families for FY 2018-19 is 13.15 crore.
  • But the total number of net eligible beneficiaries stands at 12.50 crore, due to likely exclusion of certain categories of people in higher economic strata.
What Do the Beneficiaries Get?
  • A direct payment of Rs. 6000 per year will be transferred in three equal installments of Rs. 2000 every four months into the Aadhaar ceded bank accounts of eligible landholding SMF families.
  • The first installment for the period December 1, 2018 to March 31, 2019, will be transferred to the eligible beneficiaries in the current financial year (2018-19) itself. The first instalment shall be transferred immediately on identification of the beneficiaries.
Cut-off Date
  • The Scheme shall be effective from December 1, 2018 for transfer of benefit to eligible beneficiaries.
  • The cut-off date for determining the eligibility of beneficiaries is February 2, 2019.
  • Changes, if any, in the cut-off date for eligibility of benefit under the scheme for 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 death of the landowner.
The Central Government Spending
  • The scheme to be implemented as a central sector scheme with 100 percent financial support by the government of India.
  • For financial year 2018-19, a budget provision of Rs. 20,000 crore has been kept for disbursal of financial benefit to the eligible landholding SMFs families.
  • A budgetary provision of Rs. 75,000 crore has been kept in the financial year 2019-20 for disbursal of financial benefits to eligible landholding SMF families.
Transparency & Monitoring
  • For availing benefits under the scheme, Aadhaar is mandatory. However, for the first instalment in 2018-19, in cases, where the beneficiaries at present are not having Aadhaar, alternate prescribed documents can be used for identity verification and transfer of benefit to such farmer families can be made. But eventually all beneficiaries should enrol under Aadhaar.
  • A Project Monitoring Unit (PMU) at central level will take care of the effective review and monitoring and also the publicity.
  • State and district levels also will have monitoring mechanisms.
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