Agriculture sector in India is the primary source of income for about 58% of India’s population. As per the Directorate General of Commercial Intelligence and Statistics (DGCI&S), agriculture exports have increased by 19.92% in FY 2021-22.
The Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme was launched in February 2019 by the Government of India. Under this scheme, each farmer is paid Rs 6,000 every year by the government as a part of three equal installments of Rs 2,000 each.
Every year the installment is credited to farmers’ bank accounts between December 1 to March 31. The second is paid in the period from April 1 to July 31 while the third installment is paid between August 1 to November 30.
PM Kisan Yojana: Benefits and other details
- Under this scheme each farmer will be eligible to get Rs 6000 annually by the government.
- The benefit of this scheme is available in all Indian states excluding West Bengal.
- With this scheme, farmers can purchase seeds and food items for cultivating their land.
Eligibility criteria for registering under the PM Kisan Yojana:
- Farmers who have less or no land can apply for this scheme.
- Farmers cultivating on any other land can also apply for this scheme.
- Family income must be less than 6 lakh p.a.
- There must be no member of the family serving a government job.
- Farmers must have an Aadhar card number and bank account.
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