The Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) was launched by the Indian government in February 2019 to provide financial assistance to eligible farmers across the country. Under the scheme, farmers get Rs. 6,000 annually in three installments of Rs. 2,000 each. The government aims to provide this assistance to 14.5 crore farmers in the country.
To be eligible for PM-KISAN, farmers must be owners of cultivable land up to two hectares. The scheme covers all states and Union Territories of India, including farmers in Jammu & Kashmir and Ladakh, who were recently included following the abrogation of Article 370.
In order to obtain the benefits of PM-KISAN, farmers must provide their bank account details, Aadhaar number, and land records to the local revenue officials or authorities. Once the verification process is complete, the money will be directly transferred to their bank account.
The scheme provides financial assistance to farmers who may require it for agricultural inputs like seeds, fertilizers, and other necessary commodities. The assistance will also help farmers in times of distress due to crop failure or any other unforeseen events.
The scheme has been received positively, as it has helped farmers across India who were struggling with agricultural costs and lack of funding. The scheme has also helped to bridge the income gap for farmers who previously did not have the resources to invest in their farms.
Conclusion:
The Pradhan Mantri Kisan Samman Nidhi Yojana has been a beneficial scheme for farmers across India. It provides much-needed financial assistance to eligible farmers and helps to boost their agricultural output. With its ease of application and verification processes, the scheme has been instrumental in providing better livelihood options to farmers in India.