Assessment of impact of PM-KISAN

The PM-KISAN scheme is a central sector scheme launched in February 2019 by the Hon’ble Prime Minister to supplement the financial needs of land-holding farmers. Under the scheme, a financial benefit of Rs 6,000/- per year is transferred in three equal instalments, into the Aadhaar seeded bank accounts of farmers through Direct Benefit Transfer (DBT) mode.

A farmer-centric digital infrastructure has ensured the benefits of the scheme reach all the farmers across the country without involvement of any middlemen. Maintaining absolute transparency in registering and verifying beneficiaries, the Government of India has disbursed over Rs 3.46 lakh Cr. in 18 installments since inception.

The Government of India is committed to include all eligible left out farmers in the Scheme and to saturate the scheme with all eligible farmers, the Government has launched several campaigns. A major saturation drive was taken up from the 15^th Nov 2023, under the Viksit Bharat Sankalp Yatra, with more than 1 Cr. eligible farmers included under the scheme. The Government of India also undertook another saturation drive from June, 2024 and within first 100 days of the new Government, over 25 lakh eligible farmers were included in the Scheme. With the significant efforts taken by the Government, the number of beneficiaries who have received benefits in the 18th instalment increased to 9.59 Cr.The State-wise details of the beneficiaries benefited through the 18^th instalment of the PM-Kisan is attached at Annexure-1.

An independent study conducted by the International Food Policy Research Institute (IFPRI) in 2019. According to the study, funds disbursed under the PM-KISAN have acted as a catalyst in rural economic growth, aided in alleviating the credit constraints of farmers, and increased investments in agricultural inputs. Further, the scheme has enhanced farmers’ risk-taking capacity, leading them to undertake riskier but comparatively productive investments. The funds received by recipients under PM-KISAN are not only helping them with their agricultural needs, but it is also catering to their other expenses such as education, medical, marriage, etc. These are the indicators of the positive impact of the scheme on the farmers of the country. PM KISAN has truly been a game changer for the farming community of our country.

Annexure

Number of beneficiaries benefitted under PM-KISAN during 18^th instalment (August 2024-November 2024)

This information was given by Minister of State for Agriculture and Farmers’ Welfare Shri Ramnath Thakur in a written reply in Rajya Sabha today.

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MG/KSR/489
(Release ID :267172)