Next instalment of Kisan Nidhi to reach farmers on March 13
GS3Economy · S&T · Environment · Security· MSP, procurement, PDS & food security· Prelims·
Why in news
Prime Minister Narendra Modi is set to release the 22nd installment of the Pradhan Mantri Kisan Nidhi to farmers from Guwahati, Assam.
Background
The 22nd installment totals over ₹18,640 crore for 9.32 crore farmers. Since 2019, the total amount transferred under the scheme exceeds ₹4.27 lakh crore.
Facts for Prelims
- SchemePradhan Mantri Kisan Nidhi provides ₹6,000 per year to farmers in three equal installments.
- FactTotal amount transferred since 2019 exceeds ₹4.27 lakh crore.
- FactThe 22nd installment covers over ₹18,640 crore for 9.32 crore farmers.
For Mains
Q. Discuss the role of direct benefit transfer schemes like Pradhan Mantri Kisan Nidhi in ensuring agricultural input security and enhancing rural incomes.
Dimensions to cover in your answer
- Input accessibility: Reducing farmer reliance on informal credit for seeds and fertilizers
- Fiscal efficiency: Direct benefit transfer (DBT) minimizing leakages in rural credit delivery
Keywords: Direct Benefit Transfer · Agricultural Inputs · Rural Credit · Financial Inclusion · Farm Income
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