• UGI USER
  • Jun 11, 2024
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“PM MODI’S FIRST DECISION: ₹20,000 CRORE TO 93 MILLION FARMERS”

Why in the news?

  • PM Narendra Modi’s first decision after taking office for the third term: authorizing the release of ₹20,000 crore to 93 million farmers under the PM-Kisan scheme.
  • The scheme has so far transferred over ₹3 trillion to farmers’ bank accounts since its launch in February 2019.

About Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Yojana:

  • PM-KISAN: Central-Sector scheme with 100% funding from the Government of India.
  • Objective: Supplement financial needs of farmers for crop health and yields.
  • Operational since 1.12.2018.
  • Provides ₹6,000/year in three equal installments to land-holding farmer families.
  • Family definition: husband, wife, and minor children.
  • State Governments/UT administrations identify eligible farmer families.
source:pib
About PM KISAN App:

●     Newly launched application with face authentication feature.

●     Developed by the National Informatics Centre in collaboration with the Ministry of Electronics and Information Technology.

●     Farmers can complete e-KYC remotely by scanning their face.

●     Farmers can view application status, update Aadhaar cards, and check credit history.

Associated Article:

●     https://universalinstitutions.com/direct-income-transfer-to-farmers-can-improve-production-increase-resilience-to-market-volatility-and-encourage-adoption-of-new-farming-techniques-analyze-the-various-benefits-and-bottlenecks-of-the/

●     https://universalinstitutions.com/the-pm-kisan-model/