The scheme was first conceived and implemented by
Government of Telangana as the
Rythu Bandhu scheme, where a certain amount is given directly to eligible farmers. The scheme has received accolades from various organisations for its successful implementation, including
World Bank. Many economists suggest that this type of investment support is better than farm loan waivers. With the positive outcome of this scheme,
Government of India wanted to implement it as nationwide project and it was announced by
Piyush Goyal during the
2019 Interim Union Budget of India on 1 February 2019. Ministry of Agriculture and Farmers Welfare has awarded the top-performing states, and districts under PM Kisan Samman Nidhi Yojana. In addition to PMKISAN, individuals can explore a wide range of government schemes aimed at providing financial assistance and support to farmers and other beneficiaries. It is based on the criteria such as correction of data, addressing farmer grievances, and timely physical verification exercise. ==Statistics==