Centre has released 50,850 crore rupees to farmers so far under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme. As on 20th of this month, 8.46 crores of farmer families have been given the benefits. The scheme, launched on 24th February last year, is to provide income support to all landholding farmers' families across the country and enable them to meet expenses related to agriculture as well as domestic needs. Under the Scheme, six thousand rupees per year is transferred in installments directly into the bank accounts of the farmers.
The scheme initially provided income support to all small and marginal farmers' families across the country, holding cultivable land up to two hectares. However, its ambit was later expanded to cover all farmer families in the country irrespective of the size of their landholdings. Affluent farmers have been excluded from the scheme such as income taxpayers in the last assessment year.