PM Modi to introduce Rs. 75,000-crore Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme in Uttar Pradesh’s Gorakhpur today by transferring the first instalment of Rs. 2,000 each to over one crore farmers.
Modi Government had announced the PM-KISAN scheme in the interim Budget 2019-20. Under this programme, Rs. 6,000 will be paid to 12 crore small and marginal farmers holding cultivable land of up to two hectares per year in three instalments.
Another one crore farmers are expected to be covered in the next two to three days.
“Tomorrow is a historic day! The Pradhan Mantri Kisan Samman Nidhi will be launched from Gorakhpur. This is a scheme that will give wings to the aspirations of crores of hardworking farmers of India who feed our nation,” the Prime Minister said in a tweet.
Scheme is seen as a part of the government’s effort to address farm distress caused by lower sales of foodgrain, oilseeds, sugarcane, cotton and horticulture crops. The funds will be electronically transferred to the bank accounts of beneficiaries through a pattern similar to MGNREGS.