Central Government Schemes PM-KISAN Scheme (Pradhan Mantri Kisan Samman Nidhi) Main purpose: This scheme promises to pay all poor farmers (small and marginal farmers having lands up to 2 hectares) Rs. 6,000 each year in 3 installments through Direct Bank Transfer. It would reportedly benefit around 14.5 crore farmers in India. Pradhan Mantri Kisan Pension Yojana: Main purpose: To address the problems of farm sector distress, the Modi 2.0 Cabinet has approved a proposal to provide small and marginal farmers with a minimum Rs 3,000 per month fixed pension, costing Rs 10,774.5 crore per annum to the exchequer. The eligible farmers around the 18-40 years age bracket can participate during this voluntary and contributory pension scheme. Once the beneficiary of the pension dies, the spouse will be entitled to receive 50% of the original beneficiary's pension amount. Mega Pension Scheme: Main purpose: A Mega Pension Scheme has been approved for the traders, sho...
Comments