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01-01-1970 12:00 AM | Source: Accord Fintech
Number of beneficiaries under PM-KISAN scheme crosses 10 crore mark
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The number of beneficiaries under the PM-KISAN scheme has crossed 10 crore, increasing more than three-fold from 3.16 crore farmers covered under the first instalment period in early 2019. PM KISAN through a span of over 3 years has successfully provided assistance of more than Rs 2 lakh crore to crores of needy farmers.  Of this amount, more than Rs 1.6 crore has been transferred since the lockdown due to Covid Pandemic.

PM KISAN Scheme is a Central Sector Scheme to supplement financial needs of land holding farmers.  Financial benefit of Rs 6000 per year is transferred into the bank accounts of farmer families through direct benefit transfer.  Certain categories of higher economic status are excluded from the scheme.

As per the notification released by Ministry of Agriculture & Farmers Welfare, the success of this scheme lies in the improvements introduced over time for verification and validation of the farmer details. It also noted that PM KISAN is a major shift in the nature of government support to farmers in India and is one of the finest examples of good governance and use of digital public goods to reach out directly to the citizens.