The Prime Minister Kisan Samman Nidhi Yojana is a scheme launched by the Indian government in 2019. The aim of this scheme is to provide financial assistance to small and marginal farmers across the country. Under this scheme, farmers receive an annual payment of Rs. 6,000 in three equal instalments directly in the bank account.
The scheme was announced by the Prime Minister Narendra Modi in the interim budget of 2019. The scheme is targeted to reach around 14 crore farmers across the country. The idea behind the scheme is to provide financial support to farmers, which would in turn increase their production and directly contribute to the growth of the agricultural sector.
The scheme is implemented through a network of government departments such as the Department of Agriculture, Cooperation and Farmers Welfare, the Department of Animal Husbandry and Dairying, and the Department of Fisheries.
The scheme has been received well by farmers across the country. The direct payment into the bank account has eliminated the need for middlemen and has ensured that the benefits reach the intended beneficiaries. The scheme has also been credited with improving the financial stability of small and marginal farmers.
As of August 2021, the Prime Minister Kisan Samman Nidhi Yojana has benefitted around 11.5 crore farmers across the country. The government has disbursed a total amount of Rs. 1,10,500 crores under this scheme. The scheme has been particularly successful in states such as Uttar Pradesh, Maharashtra, and Rajasthan.
In conclusion, the Prime Minister Kisan Samman Nidhi Yojana has been instrumental in providing financial support to small and marginal farmers across the country. The success of this scheme has led to the government expanding its outreach to include more farmers. The scheme has not only provided monetary assistance but has also improved the financial stability of farmers, which has contributed to the growth of the agricultural sector.