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PM-Kissan Samman Nidhi Yojana

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PM-KISAN Samman Nidhi Yojana: Promoting Agriculture and Farmers’ Welfare

PM-KISAN (Pradhan Mantri Kisan Samman Nidhi) Samman Nidhi Yojana is a flagship scheme launched by the Government of India in 2019 to provide financial assistance to the farmers across the country. The scheme aims to promote agriculture and farmer’s welfare by providing them with direct income support of Rs 6000 annually per family (in three equal instalments of Rs 2000 each).

Under the scheme, eligible farmers, who are the owners of up to 2 hectares of land, will receive the financial assistance directly in their bank accounts. The scheme was launched to ensure the income security of small and marginal farmers who face difficulties in meeting their farming requirements.

The scheme is expected to benefit around 14.5 crore farmers across the country. About Rs. 75,000 crore has been allocated in the Union Budget 2019-20 to implement the scheme. The scheme is implemented by the Department of Agriculture, Cooperation & Farmers Welfare (DAC&FW).

The scheme is designed to be hassle-free and involves the use of digital technology to transfer the funds directly to the beneficiaries’ bank accounts. The government has made Aadhaar number mandatory for availing benefits under the scheme.

The PM-KISAN scheme provides significant benefits to farmers, including the following:

1. Direct Income support: The scheme aims to provide a direct income support of Rs 6000 annually per family, which will enhance the income of farmers and improve their standard of living.

2. Relief from debt burden: The scheme will provide relief from the debt burden for small and marginal farmers who often find it difficult to meet their farming requirements.

3. Increased Investment in Agriculture: The scheme will encourage farmers to invest in agriculture. Direct income support will encourage farmers to purchase better quality seeds, fertilizers, and other agricultural inputs.

4. Help Farmers cope with natural disasters: The scheme will help farmers to cope with natural disasters such as drought, floods, and other calamities. Farmers can use the financial assistance to offset the losses incurred due to such events.

The PM-KISAN Samman Nidhi Yojana has been widely appreciated by the farmers and has gained significant momentum across the country. The scheme has been instrumental in promoting agriculture and farmer’s welfare since its inception and is expected to continue to be a vital source of income support for farmers.

In conclusion, the PM-KISAN Samman Nidhi Yojana is a significant step towards ensuring the income security of small and marginal farmers in India. The scheme has been designed to provide hassle-free financial assistance to farmers and promote agriculture and farmers’ welfare. Through this scheme, the government aims to improve the standard of living of farmers and promote equitable distribution of income in Agriculture. The scheme has been received well by farmers across the country and should continue to be an essential component of the government’s policy towards agriculture and farmers’ welfare.

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