Small and Marginal Farmers Current Affairs - 2020

9 Crore 60 lakh Farmers Benefitted under Pradhan Mantri Garib Kalyan Yojana

On May 27, 2020, the Government of India announced that around 9 crore 60 lakh farmers were benefitted under Pradhan Mantri Garib Kalyan Yojana. This was mainly done through the PM-KISAN Scheme

Highlights

During lock down, around 9.67 crore farmers were benefitted through Pradhan Mantri Kisan Samman Nidhi. This was done through the funds allocated under Pradhan Mantri Garib Kalyan Yojana. Since the lock down, that is in the months of April and May, 2020 around 19,000 crores of rupees were released. The amounts under the scheme has been transferred to the accounts of the farmers directly.

The Pradhan Mantri Garib Kalyan Yojana aimed to ease the life of the people during lock down.

PM-KISAN Scheme

The PM-KISAN scheme was launched in 2019. The estimated cost of the scheme was around Rs 75,000 crores. Under the scheme Rs 6000 was deposited to the accounts of eligible farmers in three installments annually.

The scheme targeted the small and marginal farmers. It aimed to save these farmers from falling into the hands of moneylenders.

PM-KISAN Scheme: Rs 18,517 crores released

On May 14, 2020, the Agriculture Ministry released Rs 18,517 crores under PM-KISAN scheme. This will help benefit 9.25 crores of families.

Highlights

The Government of India has so far released Rs 18,517 crores under PM-KISAN scheme since the lock down. The funds were released as a part of Pradhan Mantri Garib Kalyan Ann Yojana.

On one side, GoI is distributing food grains and pulses for free under the Public Distribution System to ease the lives of the people during lock down. On the other side, the Government is procuring rabi crops. During this rabi season 2020-21, the GoI has procured 269 lakh tonnes of wheat through Food Corporation of India. Also, 3.17 lakh tonnes of grams, 3.67 lakh tonnes of mustard and 1.86 lakh tonnes of Toor have been procured.

PM-KISAN

The Pradhan Mantri Kisan Samman Nidhi Yojana was launched on 24th February, 2019. Under the scheme, all the small and marginal farmers are to be provided with income support of Rs 6,000 per year in three installments. The amount is to be directly deposited to the farmers’ accounts. The annual expenditure estimated to implement the scheme is Rs 75,000 crore.