Government New Money Policy
PM Kisan is a Central Sector Scheme with 100% funding from the Government of India.
It has become operational from 1.12.2018.
Under the scheme, income support of 6,000/- per year in three equal installments will be provided to small and marginal farmer families having combined landholding/ ownership of up to 2 hectares.
The definition of family for the scheme is husband, wife, and minor children.
State Government and UT administration will identify the farmer families which are eligible for support as per scheme guidelines.
The fund will be directly transferred to the bank accounts of the beneficiaries.
The first installment for the period 1.12.2018 to 31.03.2019 is to be provided in the financial year itself.
There are various Exclusion Categories for the scheme.
1:All Institutional landholders.
2:Farmer families belong to one or more of the following categories:
i)Former and present holders of constitutional posts
ii)Former and present Ministers/ State Ministers and former/present Members of LokSabha/ RajyaSabha/ State Legislative Assemblies/ State Legislative Councils, former and present Mayors of Municipal Corporations, former and present Chairpersons of District Panchayats.
iii)All serving or retired officers and employees of Central/ State Government Ministries /Offices/Departments and its field units Central or State PSEs and Attached offices /Autonomous Institutions under Government as well as regular employees of the Local Bodies
(Excluding Multi Tasking Staff /Class IV/Group D employees)
vi)All superannuated/retired pensioners whose monthly pension is Rs.10,000/-or more
(Excluding Multi Tasking Staff / Class IV/Group D employees) of the above category,
v)All Persons who paid Income Tax in last assessment year
vi)Professionals like Doctors, Engineers, Lawyers, Chartered Accountants, and Architects registered with Professional bodies and carrying out profession by undertaking practices.