PM Modi To Release PM-Kisan Installment Tomorrow, Benefiting 9.5 Crore Farmers
GS3Economy · S&T · Environment · Security· MSP, procurement, PDS & food security· Prelims·
Why in news
PM Modi is set to release the 23rd installment of the PM-Kisan Samman Nidhi, a direct benefit transfer (DBT) scheme, to 9.5 crore farmers.
Background
The Union Agriculture Minister announced a total disbursement of over Rs 18,800 crore for the 23rd installment. The funds are distributed via DBT to approximately 9.5 crore beneficiaries across India, with West Bengal receiving roughly Rs 885 crore.
Facts for Prelims
- SchemePM-Kisan Samman Nidhi: A central government scheme providing annual financial assistance to land-holding farmers.
- FactTotal disbursement for the 23rd installment: Over Rs 18,800 crore.
- FactTotal beneficiaries: Approximately 9.5 crore farmers.
- FactWest Bengal's share of the 23rd installment: Rs 885 crore.
For Mains
Q. Evaluate the role of Direct Benefit Transfer (DBT) in enhancing the efficacy of agricultural welfare schemes and ensuring financial inclusion for small and marginal farmers in India.
Dimensions to cover in your answer
- Leakage reduction: Minimizing middleman intervention through Aadhaar-enabled payment systems to ensure 100% fund reach.
- Credit accessibility: Addressing the reliance on informal moneylenders by providing liquidity for Kharif sowing inputs.
Keywords: Direct Benefit Transfer · Financial Inclusion · Agricultural Welfare · Fiscal Policy · Small and Marginal Farmers
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This note is generated automatically from SatyaDheesh's news feed and mapped to the UPSC CSE syllabus. Check facts against the original report or PIB before using them in an answer.