Govt transfers over ₹540 cr to farmers in three flood-hit states, Pg15.

Key Highlights:

• The Central Government released ₹540 crore to farmers in Himachal Pradesh, Punjab, and Uttarakhand under the PM-KISAN scheme.
• The funds are part of the August-November instalment, prioritizing those affected by recent floods and landslides.
• Agriculture Minister Shivraj Singh Chouhan released the ₹2,000 instalment.
• Eligible farmers receive ₹6,000 annually, distributed in three ₹2,000 instalments every four months.

Detailed Insights:

• The PM-KISAN scheme aims to provide income support to small and marginal farmers across India.
• The ₹6,000 annual assistance is intended to help farmers meet agricultural input costs and other domestic needs.
• The scheme is funded by the Central Government and transferred directly to the beneficiaries' bank accounts through Direct Benefit Transfer (DBT).
• Prioritizing flood-hit states demonstrates the government's responsiveness to natural disasters impacting the agricultural sector.

Key Concepts Involved:

• PM-KISAN: A central government scheme providing income support to eligible farmers.
• Direct Benefit Transfer (DBT): A mechanism to transfer subsidies directly to beneficiaries' bank accounts.