Pradhan Mantri Kisan Samman Nidhi is an initiative by Government of India in which 120 million small and marginal Indian farmers who have less than 2 hectares (4.9 acres) of landholding will get upto ₹6,000 (US$83) per year as minimum income support. The scheme was announced by Piyush Goyal during the 2019 Interim Union Budget of India on 1 February 2019. The scheme will cost ₹75,000 crore (US$10 billion) per annum and will come in effect from December 2018. INR 6,000 per year will be paid to each eligible farmer in three instalments and will be deposited directly to their bank accounts.[
With a view to augment the income of the Small and Marginal Farmers (SMFs), the Government has launched a new Central Sector Scheme, namely, “Pradhan Mantri KIsan SAmman Nidhi (PM-KISAN)” in the current financial year.
The PM-KISAN scheme aims to supplement the financial needs of the SMFs in procuring various inputs to ensure proper crop health and appropriate yields, commensurate with the anticipated farm income at the end of the each crop cycle.
This would also protect them from falling in the clutches of moneylenders for meeting such expenses and ensure their continuance in the farming activities.
Annadatha Sukhibhava is a welfare program started by Andhra Pradesh Government to provide ₹15,000 investment support to small and marginal farmer’s family per annum which includes ₹6000 Central Government Pradhan Mantri Kisan Samman Nidhi share. The government is providing support to nearly 70 lakh farmers including tenant farmers.This farmer investment support scheme where the cash is paid directly into the Aadhaar linked bank accounts will cover all the farmers in the state on Family as unit basis without any conditions.It was formally started on 19-02-2019 by providing ₹1000 Initially by RTGS Center.