A central sector (i.e. completely sponsored by Government of India). Started to supplement the financial needs of the farmers. Under the scheme eligible farmers will receive 6000 Rs in one year, directly in their bank accounts, through Direct Benefit transfer mode.
Definition of Farmers Family
A farmer’s family will include husband, wife and minor children, who own cultivable land as per land records of the concerned state/UT.
Does the Scheme cover all type of farmers?
The scheme doesn’t cover following categories of farmers.
All institutional land holders
Farmers families in which one or more of its members belong to following categories
Former or present holders of any constitutional posts.
Former or present members of Lok sabha/Rajya sabha/ State legislative assemblies/State legislative councils
Former or present Minister/State Minister.
Present or former Mayors of Municipal corporation.
Present or former chairman of District panchayats.
All serving/retried employees of central/state government offices/department and its field units.
All serving/retired employees of central/state PSUs or autonomous institutions.
Regular employees of the local bodies excluding multi-tasking staff/Class 4/group D employees.
All person who paid income tax in last assessment year.
All superannuated pensioners whose monthly pension is above 10000.
Professionals like doctors, engineers, lawyers, charted acccotants and architects registered with professional bodies.
To ensure targeted delivery of benefits under PM-KISAN, State government/UT government can certify beneficiaries based on self-declaration of beneficiaries.
Only those farmer’s families will get benefits who have names in land records of State/UT. However the rule has been relaxed for North eastern states and Jharkhand.
If someone purchases cultivable land after 1st Feb 2019. The person will not be considered for the benefits under PM-KISAN scheme. Further the individual farmer who has sold the Land will also not receive benefits under the Scheme.
The scheme intends to supplement the incomes of farmers which have been declining for the last 3 years.
The scheme initially started to provide 6000 Rs to farmers having cultivable land up to 2 hectares. Eventually the scheme was extended to all except for few categories of farmers as discussed above. Thus more farmers will be included under the scheme.
The scheme will increase rural demand for goods. This will also help Indian economy to recover as demand will revive.
But the scheme will lead to fiscal pressure as the expected cost on the scheme for 2019-20 will be nearly 87000 Crore (approx.). This may increase Fiscal Deficit and may lead to more pressure on Economy.
The scheme targets only farmers with land in their names and leaves out other category of farmers who work on rents or as share-croppers, who are also in need of government assistance due to falling farm produce prices.