The Centre on Saturday mentioned it has disbursed ₹50,850 crore to farmers to this point beneath its landmark scheme PM-KISAN, enabling them to satisfy farm enter price and family bills.
The Agriculture Ministry shared the progress made beneath the scheme, forward of its first anniversary on February 24.
The PM-KISAN was formally launched on February 24 final 12 months by Prime Minister Narendra Modi at Gorakhpur, Uttar Pradesh.
Beneath the scheme, the Centre transfers an quantity of ₹6,000 per 12 months, in three equal instalments, immediately into the financial institution accounts of the farmers, topic to sure exclusion standards referring to greater earnings standing.
“February 24, 2020 is the 1st anniversary of starting of a new Central Sector Scheme, namely, the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN),” an official assertion mentioned.
The scheme was launched to supply earnings help to all landholding farmers’ households throughout the nation and allow them to satisfy bills associated to agriculture in addition to home wants, it added.
“The Central Government has already released more than ₹50,850 crores till now,” the ministry mentioned.
Whole variety of beneficiaries lined beneath the scheme is about 14 crore, primarily based on estimates of the Agriculture Census 2015-16.
As on February 20 this 12 months, 8.46 crore farmer households have been given the advantages.
The scheme is efficient from December 2018. The deadline for identification of beneficiaries with regard to their eligibility was February 1, 2019. The whole accountability of identification of beneficiaries rests with the state /UT governments.
The scheme initially supplied earnings help to all small and marginal farmers’ households throughout the nation, holding cultivable land as much as 2 hectares. Nonetheless, its ambit was later expanded to cowl all farmer households within the nation regardless of the scale of their land holdings.
Prosperous farmers have been excluded from the scheme reminiscent of earnings tax payers in final evaluation 12 months, professionals like docs, engineers, attorneys, chartered accountants and many others and pensioners pensioners drawing at the least ₹10,000 per thirty days (excluding MTS/Class IV/Group D staff).
All installments falling due on or after December 1, 2019 are being paid solely on the idea of Aadhaar authenticated financial institution information of beneficiaries to make sure real beneficiaries and keep away from duplicity in funds, besides in Assam and Meghalaya moreover the UTs of Jammu & Kashmir and Ladakh, that are exempted from this requirement until March this 12 months.