$3.5 billion transferred to 65 million farmers under PM Kisan scheme

New Delhi: Recognition as a farmer by the Government through its PM KISAN scheme has played an important role in not only ensuring income but also giving confidence to every farmer across the country. Addressing the “3rd India Agricultural outlook forum 2019” with theme ‘Universal Basic Income for Farmers’ today, Secretary Agriculture & Farmers Welfare, Shri Sanjay Agarwal said that 85 million farmers have already registered for the scheme and an amount to the tune of US $ 3.5 billion has been transferred to about 65 million farmers in the first installment itself. The income support scheme had really supported the farmers as about 1.1 million farmers in the initial installment had less than Rs. 500 in their account and the amount of Rs. 2000 credited through PM KISAN was withdrawn on the day itself.

Elaborating the Scheme to the gathering which consisted of representatives from World Organizations and foreign delegates the Secretary said that beneficiaries are being identified by the State Governments and it is 100% Central Sector scheme, providing an income support of Rs.6000/- per year provided to small and marginal farmer families.

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