Income scheme to cover fewer farmers

Income scheme to cover fewer farmers

Part of: GS Prelims –Polity and GS-II- Policies 

In news:

• One year after the launch of the Pradhan Mantri Kisan Samman Nidhi, the Centre has revised the farmer income support scheme’s beneficiary target down to just under 12 crore from 14 crore

From Prelims Point Of View

Pradhan Mantri Kisan Samman Nidhi

• Under this programme, vulnerable landholding farmer families, having cultivable land upto 2 hectares, will be provided direct income support at the rate of Rs. 6,000 per year.
• This income support will be transferred directly into the bank accounts of beneficiary farmers, in three equal installments of Rs. 2,000 each.
• Expenditure :  Rs 75000 crore for the scheme will borne by the Union Government in 2019-20.