Pradhan Mantri Kisan Samman Nidhi Yojana, commonly known as PM-Kisan Yojana, is a scheme launched by the Government of India in February 2019. This scheme aims to provide financial assistance to the farmers across the country to support their agricultural activities.
Under the PM-Kisan scheme, small and marginal farmers having up to 2 hectares of landholding will receive direct income support of Rs. 6000 annually in three equal installments. This financial aid will be transferred directly into the bank accounts of farmers. The scheme effectively started from December 2018, and the first installment was released in February 2019.
The primary objective of PM-Kisan Yojana is to ensure the financial stability of farmers in the country and to increase their income. It also aims to improve the living standards of farmers and their families. The central government has planned to provide financial assistance to more than 12 crore farmers through this scheme.
To apply for PM-Kisan Yojana, the farmer needs to approach the local revenue department or Common Service Centre (CSC). They must have the necessary documents like land ownership documents, bank account details, and Aadhaar card. Once the application is reviewed and validated, the farmer will get the financial assistance directly into their bank account.
The PM-Kisan Yojana has several benefits for farmers in India. The financial assistance has provided them with much-needed stability and security in their livelihood. Also, the scheme has improved their purchasing power, which, in turn, helps in boosting the agricultural economy. Furthermore, there has been a substantial increase in the enrollment of farmers in the scheme since its launch.
In conclusion, the Pradhan Mantri Kisan Samman Nidhi Yojana is a significant initiative by the Indian government to support the farmers of the country. This scheme has positively impacted the lives of millions of farmers across the country and has helped in improving their livelihood. PM-Kisan Yojana is a vital step towards achieving the goal of doubling farmers’ income by 2022.