PM Modi 2.0 Kisan Pension Scheme 2019

Modi 2.0 In the first cabinet meeting of the government, the Cabinet Committee has decided to provide pension coverage to millions of farmers. This historic decision to implement PM Modi’s farmer pension scheme will secure the life of about 50 million farmers in the next three years. In addition to the extended PM Kisan Samman Nidhi Yojna, the PM Farmer Pension Scheme will reduce the financial burden and get more efficiency.

PM Kisan Pension Scheme will be a new central sector scheme which will empower farmers all over India. This is a guide to provide pension cover to the workers of our country.

PM Modi 2.0 Kisan Pension Scheme 2019

According to an estimate, about 5 crore small and marginal farmers will get benefit in the first 3 years of PM Farmer Pension Scheme. The Central Government will spend Rs. 10774.50 crores for a period of 3 years under the PM Kisan Pension Scheme. This amount will be towards the government’s contribution to provide social security envisaged under the PM Modi Farmer Pension Scheme.

PM Modi 2.0 Kisan Pension Scheme 2019 Objective

  • In order to increase the income of small and marginal farmers (SMF), the government has started a new central sector scheme in the current financial year, named “PM Modi 2.0 Farmer Pension Scheme
  • The purpose of the Kisan Pension Scheme 2019 is to fulfill the financial needs of SMF in the procurement of various inputs to ensure proper crop health and proper yields with anticipated agricultural income at the end of each crop cycle.
  • This scheme will also save the farmers from the collapse of moneylenders to fulfill their expenses and ensure their continuity in the activities of the farming.

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