| Pradhan Mantri Kisan Samman Nidhi | |
| Type: | Governmental |
| Country: | India |
| Key People: | Vivek Aggarwal (IAS) |
| Budget: | Y |
| Ministry: | Ministry of Agriculture and Farmers Welfare |
Pradhan Mantri Kisan Samman Nidhi (PMKISAN, translation: Prime Minister's Farmer's Tribute Fund) is an initiative by the government of India that give farmers up to per year as minimum income support. The initiative was announced by Piyush Goyal during the 2019 Interim Union Budget of India on 1 February 2019.[1] [2] [3] [4] The scheme has cost per annum and came into effect December 2018.[5]
The scheme was first conceived and implemented by government of Telangana as the Rythu Bandhu scheme, where a certain amount is given directly to eligible farmers. The scheme has received accolades[6] from various organisations for its successful implementation, including World Bank. Many economist suggest that this type of investment support is better[7] than farm loan waivers. With the positive outcome of this scheme, Government of India wanted to implement[8] it as nationwide project and it was announced by Piyush Goyal during the 2019 Interim Union Budget of India on 1 February 2019.[9] [10]
For 2018–2019, ₹20,000 crore was allocated under this scheme. On 24 February 2019, Narendra Modi launched the scheme in Gorakhpur, Uttar Pradesh, by transferring the first instalment of ₹2,000 each to over one crore farmers.[11] [12]
Ministry of Agriculture and Farmers Welfare has awarded the top-performing states, and districts under PM Kisan Samman Nidhi Yojana. In addition to PMKISAN, individuals can explore a wide range of government schemes aimed at providing financial assistance and support to farmers and other beneficiaries. It is based on the criteria such as correction of data, addressing farmer grievances, and timely physical verification exercise.[13]
| Started by | Union Government of India | Telangana Government | Andhra Pradesh Government | Odisha Government | |
| Establish Date | |||||
| Unit | Per family | Per acre of land | Per family | Per family | |
| Number of beneficiaries | Approximately 120 million | Approximately 6 million | Approximately 7 million | 6 million families | |
| Assistance | ₹ 6,000 per year in three installments | ₹ 10,000 per year per acre in two installments[15] | ₹9,000 extra in addition to PM Kisan benefit,₹15,000 for non-beneficiaries of PM Kisan | ₹5,000 per farm family over five seasons | |
| Exclusion | Last year Income Tax Payers, Civil Servants with High Income | No exclusion | No exclusion | No exclusion | |
| Cap | Small and marginal farmersUp to 2 hectares[16] | Land holding of 51 acres agriculture land and 21 acres of dry land | No cap | Small and marginal farmersUp to 2 hectares | |
| Eligibility | Landowners only | Landowners Only | Landowners and tenant cultivators | Landowners and tenant cultivators | |
| Tenant farmers | Not covered | Not covered | Covered | Covered | |
| Annual budget | ₹ 700 billion | ₹ 120 billion | ₹ 50 billion | ₹ 40 billion |