Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) was launched by the Government of India in 2018. The scheme aims to provide financial assistance to farmers across the country. The scheme was launched on February 24, 2019, by Prime Minister Narendra Modi.
Under the scheme, farmers with less than 2 hectares of landholding will get direct cash transfer of Rs. 6,000 annually. The amount will be transferred in three equal instalments of Rs. 2,000 each, directly to the bank accounts of the beneficiary farmers.
The scheme is estimated to benefit around 14 crore farmers across the country. The total cost of the scheme is expected to be around Rs. 75,000 crore annually. The scheme is expected to provide financial stability to the farmers and help them earn a steady income.
To avail the benefits of the scheme, the farmers need to get registered on the PM-KISAN portal. The registration process is simple and can be done online. The farmers need to provide their Aadhaar number for registration. Once registered, the farmers will receive the cash transfer directly in their bank accounts.
The scheme aims to provide financial support to the farmers to meet their investment and working capital requirements. It is expected to help the farmers in procuring inputs like seeds, fertilizers, and other inputs needed for farming.
The scheme has been lauded for its benefits to the farming community. It is expected to have a positive impact on the agricultural economy of the country. The scheme is expected to provide financial stability to small and marginal farmers, who have been facing financial hardships due to low farm incomes.
In conclusion, PM-KISAN has been launched with the aim of providing financial assistance to farmers across the country. The scheme is expected to benefit around 14 crore farmers, providing them with a steady income and financial stability. The scheme has already started to deliver positive results and is expected to have a long-lasting impact on the agricultural sector of the country.