3rd anniversary of Pradhan Mantri Kisan Samman Nidhi.

Why in news?

• 24th February 2022, marks the 3rd anniversary of Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) Scheme. It was launched on 24th February in 2019 by Prime Minister Narendra Modi at Gorakhpur, Uttar Pradesh.
• It is 100% Funded by the central government under the Ministry of Agriculture and Farmers Welfare (MoAFW).
• Objective – To provide income support to all landholding farmer’s families irrespective of the land size in order to meet their expenses related to agriculture and domestic needs.

 About PM-KISAN scheme

• Under the Scheme, Farmers will receive an amount of 6000 per year in 3 equal instalments of Rs.2000 directly into their bank accounts.
• Initially, the Scheme provided income support to all families of Small and Marginal Farmers having cultivable land up to 2 hectares which was then expanded to cover farmers irrespective of the size of their landholdings.
• Budget Allocation 2022-23: Government of India (GoI) has allocated Rs 68,000 Crore for the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) in the Union Budget 2022-23, which is just 4.6 per cent higher than the Budget Estimates of Rs 65,000 crore for 2021-22 and only 0.74 per cent higher than the revised estimates of Rs 67,500 crore for the current financial year(FY22).