The Prime Minister Kisan Samman Nidhi Yojana, also known as PM Kisan, is a centrally sponsored scheme launched by the Government of India in February 2019. The scheme aims to provide financial assistance to small and marginal farmers across the country. The scheme is aimed at reducing the distress faced by farmers and improving their income.
Under the PM Kisan scheme, eligible farmers will receive a financial assistance of ₹6,000 per year in three instalments of ₹2,000 each. This assistance will be provided directly to the bank accounts of the farmers. The scheme is designed to benefit around 12 crore small and marginal farmers in India.
In order to be eligible for the PM Kisan scheme, farmers must fulfill certain criteria. They must be owners of cultivable land recorded in their name, and the land must be no more than two hectares in size. Tenant farmers and sharecroppers are also eligible for the scheme. However, farmers who are employed in government or private sectors are not eligible for the scheme.
The scheme has been implemented by the Ministry of Agriculture and Farmers Welfare, Government of India. The scheme is being funded entirely by the Central government, and no contribution is required from the state governments. The scheme is also exempt from income tax and is expected to bring significant relief to farmers across the country.
The PM Kisan scheme has been received positively by farmers across India. The scheme is expected to improve the lives of small and marginal farmers and provide them with necessary financial assistance. The scheme is also expected to help in the development of the agriculture sector and contribute to the overall growth of the economy.
In conclusion, the Prime Minister Kisan Samman Nidhi Yojana is a beneficial scheme aimed at alleviating the problems faced by small farmers in India. The scheme is an important development in the agricultural sector and is expected to improve the lives of millions of farmers across the country.