Pradhan Mantri Kisan Sanman Nidhi Yojana or PM-Kisan Yojana is a scheme launched by the Government of India to provide financial assistance to small and marginal farmers across the country. The objective of the scheme is to supplement the financial needs of these farmers and ensure their basic livelihood is secure. Under the PM-Kisan Yojana, eligible farmers are entitled to an annual payout of Rs. 6,000 in three equal instalments.
The PM-Kisan Yojana was launched on February 24, 2019, by the Prime Minister of India, Narendra Modi. The scheme is aimed at benefiting those farmers who own up to two hectares of cultivable land. The scheme is being implemented through the Department of Agriculture, Cooperation & Farmers Welfare (DAC&FW) under the Ministry of Agriculture & Farmers Welfare.
Eligibility criteria for the PM-Kisan Yojana include being a citizen of India, having a valid Aadhaar card, and being a small or marginal farmer. The scheme has now been extended to all farmers, irrespective of their landholding status. The payout under the scheme is deposited directly into the eligible farmer’s bank account through the Direct Benefit Transfer (DBT) method.
The PM-Kisan Yojana is expected to benefit over 14 crore farmers across the country. The scheme is expected to provide a boost to the rural economy by enhancing the purchasing power of farmers and increasing their contribution to national income.
The PM-Kisan Yojana has been widely applauded for its role in helping small and marginal farmers across the country. The scheme has also aided in maintaining the food security of the country, which is crucial for India’s overall development.
In conclusion, the PM-Kisan Yojana is a significant initiative by the Government of India to provide financial assistance to small and marginal farmers and ensure their basic livelihood is secure. The scheme has so far been successful in achieving its objectives and is set to continue benefiting farmers across India. The benefits of the scheme are expected to have a positive impact not only on the farmers but on the overall economy as well.