Pradhan Mantri Kisan Samman Nidhi | |
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Type of project | Governmental |
Country | India |
Ministry | Ministry of Agriculture and Farmers Welfare |
Key people | Vivek Aggarwal (IAS) |
Established | 1 February 2019 |
Budget | ₹75,000 crore (equivalent to ₹930 billion or US$11 billion in 2023) |
Website | pmkisan |
Pradhan Mantri Kisan Samman Nidhi (PMKISAN, translation: Prime Minister's Farmer's Tribute Fund) is an initiative by the government of India that give farmers up to ₹6,000 (US$72) per year as minimum income support. The initiative was announced by Piyush Goyal during the 2019 Interim Union Budget of India on 1 February 2019.[1][2][3][4] The scheme has cost ₹75,000 crore (equivalent to ₹930 billion or US$11 billion in 2023) per annum and came into effect December 2018.[5][6]