PM-KISAN was launched in 2019 with retrospective effect from 1 December 2018 in order to provide financial support to farmers across the country. Farmers are entitled to receive Rs. 6,000 per year in three equal instalments of Rs. 2,000 each. The scheme aims to support farmers in acquiring various inputs to increase crop yield and income. The support will also help them in dealing with their domestic needs and easing their liquidity needs. The amount is directly transferred to the bank accounts of the beneficiaries.