Government Schemes Current Affairs - 2019
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The Union Cabinet chaired by Prime Minister Narendra Modi has comprehensively extended ambit of Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) to all land holding eligible farmer families who will avail benefits under the scheme (but subject to existing exclusion factor).
The revised scheme is expected to cover around 2 crore more farmers and increase total coverage of PM-KISAN to around 14.5 crore beneficiaries. It also costs Central Government around Rs. 87,217.50 crores for year 2019-20.
Key Features of PM-KISAN
- It was announced in interim Budget for the year 2019-2020 and launched on 24th February 2019 in Gorakhpur, Uttar Pradesh where the first rounds of instalments was paid to several farmers.
- It provides beneficiary farmers income support of Rs. 6000. This amount is released in three four (quaterly)-monthly instalments of Rs.2000 each over the year. It is credited directly into the bank accounts of the beneficiaries held in destination banks through Direct Benefit Transfer mode.
- The previsions criteria for small and marginal landholder farmer families to avail this benefit was cultivable land holding upto 2 hectare across the country.
- So far, 1st instalment to 3.11 crore beneficiaries and 2nd instalment to 2.66 crore beneficiaries have been credited directly to the bank accounts of the farmer families.
Tags: Cabinet Decision • Government Schemes • Interim Budget for 2019-20 • PM-KISAN • Pradhan Mantri Kisan Samman Nidhi
The Union Cabinet chaired by Prime Minister Narendra Modi has approved Pradhan Mantri Kisan Pension Yojana, a new Central Sector Scheme (CSS), to provide pension cover to farmers. This decision was taken at the first Cabinet meeting after formation of new Government (second term) of Modi Government.
Key Features of Scheme
- It is voluntary and contributory pension scheme for all Small and Marginal Farmers (SMF) across the country.
- Eligibility: Entry age of 18 to 40 years with provision of minimum fixed pension of Rs.3,000 on attaining the age of 60 years.
- Contribution: Beneficiary farmer of this scheme is required to contribute Rs 100 per month at median entry age of 29 years. Central Government will also contribute to Pension Fund an equal amount as contributed by eligible farmer.
- After subscriber’s death (while receiving pension), spouse of SMF beneficiary is entitled to receive 50% of pension received by beneficiary as family pension, provided he/she is not already an SMF beneficiary of this scheme. In case of death of subscriber happens during period of contribution, the spouse shall have the option of continuing scheme by paying regular contribution.
- Synergy between PM Kisan Scheme: Beneficiary farmers of this scheme can opt to allow his/her monthly contribution to be made from benefits drawn from Pradhan Mantri KisanSAmman Nidhi (PM-KISAN) Scheme directly. Alternatively, beneficiary farmer can pay his monthly contribution by registering through Common Service Centres (CSCs) under Union Ministry of Information and Technology (MeitY).