Under the Pradhan Mantri Kisan Samman Nidhi Scheme, the financial help provided to the small and marginal farmers is ___________ .
Rs. 6,000/year
Understanding the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Scheme
The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Scheme is a government initiative launched to support the financial needs of small and marginal farmer families in India. The primary objective is to provide them with income support, enabling them to meet their agricultural and household expenses.
PM-KISAN Scheme Financial Assistance Details
Under the PM-KISAN scheme, eligible small and marginal farmer families receive direct financial support. The scheme provides a fixed sum of money annually to help these farmers.
Amount Provided Annually
The financial help provided to the small and marginal farmers under the PM-KISAN Scheme is ₹6,000 per year. This amount is paid directly into the bank accounts of the eligible beneficiaries.
Payment Structure
- The annual amount of
₹6,000is disbursed in three equal installments. - Each installment consists of
₹2,000. - These installments are typically paid directly to the bank accounts of the beneficiaries every four months.
Eligibility Criteria
The scheme is primarily for landholding farmer families with a total landholding of up to 2 hectares (approximately 5 acres). However, certain exclusions apply, such as families where members are institutional landowners or hold constitutional positions.
Significance for Farmers
This financial assistance aims to supplement the income of vulnerable farmer families, helping them manage unforeseen expenses, purchase necessary inputs like seeds and fertilizers, and improve their overall financial stability.
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Select the correct answer using the code given below:
