Pradhan Mantri Kisan Sammann Nidhi
is an initiative by the government of India in which all farmers will get up to ₹6,000
(US$84) per year as minimum income support. The initiative was announced by Piyush Goyal during the 2019 Interim Union Budget of India on 1 February 2019. The scheme has cost ₹75,000 crore
(US$11 billion) per annum and has come in effect from December 2018. ₹
6000 per year will be paid to each eligible farmer in three instalments and will be deposited directly to their bank accounts. It happened first time in India and millions of farmers got benefit.