Year: 2021 | Month: December | Volume 66 | Issue 4
An Economic Analysis of PM Kisan Scheme in Ri-Bhoi District of Meghalaya State
Palnati Naveen Reddy
Anju Choudhury
Ram Singh
Binodini Sethi
L. Geetarani Devi
L. Hemochandra
DOI:10.46852/0424-2513.4.2021.12
Abstract:
Highlights
- The Government launched PM Kisan on 1st December 2018 to enhance the income of the Small and Marginal Farmers and later to all landholding farmers with subject to certain exclusion criteria of economic status.
- Under the Scheme, direct benefit transfer of ` 6000 per year is transferred in three instalments for every four months of ` 2000 each into the Aadhar ceded bank accounts for the eligible landholding farmers.
- Overall cost of cultivation, gross returns and net returns of beneficiary farmers were higher than that of non-beneficiary farmers.
- This shows reduction of financial distress in beneficiary farmers to certain extent and increase in returns from the use of distributed PM Kisan scheme amount.
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