#1. The Prime Minister, Shri Narendra Modi, launched the PM-KISAN scheme at Gorakhpur in Uttar Pradesh on 24 Feb, 2019. To electronically transfer the first instalment of Rs 2,000 to selected farmers.
The PM-Kisan Samman Nidhi Yojana (PMKSNY), a straight income transfer to farmers, is a small beginning of the universal basic income (UBI) that found mention in the Economic Survey 2016-17.
#2. The Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) was announced in the interim Budget 2019-20 on February 1, 2019.
#3. Under the Scheme, Rs 6,000 will be given per year to small and marginal farmer families having combined land holding/ownership of upto 2 hectares. It will be given in three installments of Rs.2000 each.
#4. The Scheme was introduced to augment the income of the Small and Marginal Farmers (SMFs). It is estimated to benefit more than 12 crore small and marginal farmers.
#5. PM KISAN is a Central Sector scheme with 100% funding from Government of India.
#6. State Government and UT Administration will identify the farmer families which are eligible for support as per scheme guidelines.
#7. The scheme implemented through DBT, will transfer the amount directly to the bank account of the beneficiary, thereby eliminating middlemen and corruption.
#8. It covers only landholding farmers, Landless and tenant farmers not covered in PM-Kisan scheme, due to non availability of database. This is a major criticism of this scheme.
#9. Supporters claim that provision of direct income support to farmers which will enable farmers to purchase the inputs needed for a technological upgrading of farm operation.
#10. The amount of income support is much less than Rythu Bandhu Yojana of Telangana and KALIA Scheme of Odisha. Citing that Rahul Gandhi, Leader of INC tweeted “Giving them Rs 17 a day is an insult to everything they stand and work for”.