The Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) completed 4 years on 24 February 2023. It Pradhan Mantri Kisan Samman Nidhi Yojana or PM-KISAN Yojana was launched by Prime Minister Narendra Modi on 24 February 2019 to meet the financial needs of land-holding farmers. Under the PM Kisan Yojana, financial assistance of Rs 6,000 per year is provided in three equal installments every year in the bank accounts of crores of farmers in the country.
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Pradhan Mantri Kisan Samman Nidhi is a central sector scheme under the government of India which provides income support to farmers and their families. PM-KISAN scheme was first implemented as the Rythu Bandhu scheme by the Government of Telangana where a certain amount was handed directly to the eligible farmers. On 1 February 2019, during the 2019 Interim Union Budget of India, Piyush Goyal announced the implementation of this scheme as a nationwide project.
Prime Minister Narendra Modi launched the PM-KISAN scheme on 24 February 2019 in Gorakhpur, Uttar Pradesh. Under this scheme, all small and marginal farmers will be provided with income support of Rs.6,000 per year in three installments which will be deposited directly to their bank accounts. The total annual expenditure for PM-KISAN scheme is expected to be Rs.75,000 crore which will be financed by the Union Government.
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