Lok Sabha Question No. 3774 (UNSTARRED), answered on 2020-03-17
Subject: Review of Agricultural Income Insurance and Social Security Scheme
Ministry: AGRICULTURE AND FARMERS WELFARE
Asked by: Ravindra Kushawaha

## GOVERNMENT OF INDIA MINISTRY OF AGRICULTURE AND FARMERS WELFARE DEPARTMENT OF AGRICULTURE, COOPERATION AND FARMERS WELFARE

## LOK  SABHA

## UNSTARRED QUESTION NO. 3774

TO BE ANSWERED ON THE 17 TH  MARCH, 2020

## REVIEW OF AGRICULTURAL INCOME INSURANCE AND SOCIAL SECURITY SCHEME

## 3774. SHRI RAVINDRA KUSHWAHA:

Will the Minister of AGRICULTURE AND FARMERS WELFARE कृ ष एवं कसान कयाण मंी be pleased to state:

- (a) whether  the  Government  has  reviewed  the  results  of  agriculture  income  insurance scheme and social security scheme;
- (b) if so, the details thereof;
- (c) the criteria adopted to fix the funds released for these schemes; and
- (d) the details of the amount of funds released for these schemes during the last three years?

## ANSWER

## MINISTER OF AGRICULTURE AND FARMERS WELFARE

## कृ ष एवं कसान कयाण मंी (SHRI NARENDRA SINGH TOMAR )

- (a) & (b): Government  has  implemented  an  income  assurance  scheme  for  the  land owning farmers, namely, the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN). Under the Scheme an amount of Rs.6000/- per year is transferred in three 4-monthly installments of Rs.2000/- directly into the bank accounts of the farmers, subject to certain exclusion criteria relating to higher income status. The scheme has been aimed at augmenting the income of land  owning  farmers' families by  providing  income  support  to  enable  them  to  take  care  of expenses related to agriculture and allied activities as well as domestic needs. The scheme, which  was  launched  on  24.2.2019,  was  initially  implemented  for  the  Small  and  Marginal Farmers'  families  only  with  total  land  holding  upto  2  hectares.  Government  reviewed  the scheme and extended its purview to all farmers, irrespective of the size of their land holding. The PM-KISAN Scheme has been successfully implemented across the country. So far, as on  11.3.2020,  financial  benefit  under  the  scheme  has  been  released  to  8,69,79,391 beneficiaries.

Further, Government  launched  the  Pradhan  Mantri  Kisan  Maan  Dhan  Yojana (PM-KMY) on 12.9.2019 with a view to provide social security to Small and Marginal Farmers in  their  old  age  when they have no means of livelihood and minimal or no savings to take care  of  their  expenses.  Under  this  scheme,  a  minimum  fixed  pension  of  Rs.3,000/-  is provided to the small and marginal farmers, subject to certain exclusion criteria, on attaining the age of 60 years. It is a voluntary and contributory pension scheme, with entry age of 18 to 40  years.  The  farmer  is  required  to  contribute  between  Rs.55  to  Rs.200  per  month  to  a Pension Fund depending on the entry age. The Central Government also contributes in equal amount to the  Pension  Fund.  The  Pension  Fund  is  being  managed  by  the  Life  Insurance Corporation  of  India  (LIC).  So  far,  as  on  11.3.2020,  19,97,553  farmers  have  registered themselves under the Scheme.

(c) & (d): For the PM-KISAN Scheme, Rs.20000 crore was provided for the financial year 2018-19 and Rs. Rs.75000 crore for the financial year 2019-2020. Out of that, Rs.6005.48 crore was released to the farmers in 2018-19 and Rs.46653.62 crore in 2019-20 so far, as on 11.3.2020.  For the PM-KMY, a budgetary provision of Rs.900 crore has been made during the financial year 2019-20 towards the Central Government contribution to the Pension Fund of subscribing farmers. An amount of Rs.50 crore has so far been released to the LIC for the purpose.

*******