Union Cabinethas approved thePradhan Mantri Kisan Samman SiddhiScheme. It will cost over Rs.87,000 crore a year to the
exchequer. The government has announced its decision to extend the benefit
ofRs.6,000 per yearunder thePM-KISAN schemeto
all14.5 crore farmersin the country, irrespective of the size of their
landholding.
Pradhan Mantri Kisan Samman
Siddhi:
The scheme was launched on24th February 2019in the run-up to the 2019 Parliamentary elections
inGorakhpur, Uttar Pradeshwhere the first rounds of installments were paid to
several farmers.
The government so far distributed thefirst installment to 3.11
crorebeneficiaries andsecond installment to 2.66 crorebeneficiaries into their bank accounts throughDirect Benefit Transfer mode.
