Initially, the scheme was designed to cover an estimated 12.5 crore small and marginal farmers holding land up to 2 hectares.
The government aims to cover this year as many as 10 crore farmers under the PM-Kisan scheme, wherein they will be given Rs 6,000 annually in three equal installments, Agriculture Minister Narendra Singh Tomar said on August 9.
Around 5.88 crore small farmers have so far received the first tranche of Rs 2,000 each under the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) and 3.40 crore peasants have got the second instalment as well, he said.
"Barring West Bengal, all states are participating in the scheme. The progress so far is very good. We are targeting to reach out 10 crore farmers by end of the year," Tomar told reporters.
The scheme will cover all 14.5 crore farmers in the country, irrespective of the size of their landholding, he said.
The scheme was launched on February 24 this year in the run-up to the 2019 Parliamentary elections in Gorakhpur, Uttar Pradesh where the first rounds of installments was paid to several farmers.
Initially, the scheme was designed to cover an estimated 12.5 crore small and marginal farmers holding land up to 2 hectares.Later the scheme was revised to cover around additional 2 crore farmers, increasing the coverage of PM-Kisan to around 14.5 crore beneficiaries, with an estimated expenditure of Rs 87,217.50 crores by the Central Government in fiscal year 2019-20.