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.

Month: Current Affairs - May, 2020