Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) is a scheme launched by the Government of India in February 2019 to provide financial assistance to farmers. The scheme aims to ensure the income support to small and marginal farmers and their families who are dependent on agriculture for their livelihood. Under this scheme, eligible farmers will receive direct income support of Rs. 6,000 per annum in three equal installments of Rs.2,000 each.
The PM-KISAN scheme is applicable to all farmers across the country irrespective of their landholding size. The eligible farmers who are covered under the scheme include all farmers from the landholding families with total cultivable land up to 2 hectares. The scheme is effective from December 1, 2018.
The first installment of Rs.2,000 was released to eligible farmers in February 2019. The second and third installments were released in July 2019 and August 2019, respectively. Since then, the government has released installments every four months. The sixth installment of Rs.2,000 was distributed in August 2020, and the seventh installment was distributed in December 2020.
The government has spent a massive amount of around Rs. 54,000 crore under PM-KISAN scheme for providing financial assistance to farmers. More than 11 crore farmers have benefited from PM-KISAN since its inception. The direct transfer of money to farmers will lead to enhanced agricultural productivity and ensure better livelihood opportunities in rural areas.
The PM-KISAN scheme has been beneficial for farmers, and it has helped them to tackle financial instability. The scheme provides income support to farmers and provides financial assistance to farmers for their agricultural activities. It is an excellent initiative by the government to uplift the lives of farmers and improve their economic situation.
In conclusion, the PM-KISAN scheme is an essential initiative by the government, and it has positively impacted the lives of farmers. It will help to boost the agricultural sector and provide farmers with financial stability, which is necessary for the growth of the economy. The government should continue its efforts to provide better opportunities and facilities for farmers to support their livelihood.