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PM Kisan Samman Nidhi Yojana: A Helping Hand for Farmers
The PM Kisan Samman Nidhi Yojana is a government initiative to provide financial support to farmers across India. Under this scheme, farmers who own less than two hectares of land will receive a sum of Rs. 6,000 per annum in three equal installments. The scheme was launched by the Prime Minister, Narendra Modi, in February 2019. Since then, it has been serving as a lifeline for many farmers across the country.
The benefits of the PM Kisan Samman Nidhi Yojana are manifold. Firstly, the scheme provides direct income support to farmers, which helps them meet their basic needs and expenses. This is especially important for small and marginal farmers, who often face financial constraints. Secondly, the scheme helps farmers invest in agriculture and allied activities, such as buying seeds, fertilizers, and equipment. This, in turn, can boost agricultural productivity and income. Thirdly, the PM Kisan Samman Nidhi Yojana promotes inclusivity and equity by providing support to farmers across the country, regardless of their caste, religion, or gender.
The eligibility criteria for the scheme are straightforward. Farmers who own less than two hectares of land are eligible to receive the benefits. The scheme is open to all farmers, including those who belong to SC/ST communities. However, farmers who are already receiving various other agricultural benefits, such as pension, are not eligible for the scheme. The registration process is simple and can be done online or offline.
The PM Kisan Samman Nidhi Yojana has been a real game-changer for farmers across India. According to the Ministry of Agriculture and Farmers Welfare, more than 11 crores farmers have benefitted from the scheme as of October 2021. The scheme has disbursed over Rs. 1.35 lakh crores since its launch, providing much-needed financial assistance to farmers during difficult times, such as the COVID-19 pandemic.
In conclusion, the PM Kisan Samman Nidhi Yojana is an excellent initiative by the government to support small and marginal farmers in India. The scheme provides direct income support, promotes inclusivity, and helps farmers invest in agriculture and allied activities. By doing so, the scheme has the potential to boost rural livelihoods and agricultural growth in the country. It is important to ensure that the benefits of the scheme reach the intended beneficiaries and that it is implemented effectively. Overall, the PM Kisan Samman Nidhi Yojana is a helping hand for farmers and a step forward towards a more inclusive and equitable society.