Syllabus Section: Economy
 

Why in News?

The flagship scheme of the central government, Pradhan Mantri Kisan Samman Nidhi (PM KISAN) has completed its two years
 

About:
• Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) is a Central Sector Scheme with 100% funding from the Government of India.
• It is being implemented by the Ministry of Agriculture and Farmer’s Welfare.
• Under the scheme, the Centre transfers an amount of Rs 6,000 per year, in three equal installments, directly into the bank accounts of all landholding farmers irrespective of the size of their landholdings.
• It intends to supplement the financial needs of the Small and Marginal Farmers (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.
• The entire responsibility of identification of beneficiary farmer families rests with the State / UT Governments.
 

Source: The Hindu