As of October 2021, the Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) has received over 14.5 crore applications from farmers across India. The scheme was launched in February 2019, with the aim to provide financial support to farmers and assure a basic level of income security for their livelihood.
Under the PM-KISAN scheme, eligible farmers receive a direct income support of Rs. 6,000 per annum, which is paid in three equal installments of Rs. 2,000 each every four months. The scheme beneficiaries include small and marginal farmers with cultivable landholding up to 2 hectares.
The scheme is being implemented by the Ministry of Agriculture and Farmers Welfare through the state governments and Union territories. The applications for the PM-KISAN scheme can be submitted online or offline through the respective state government or Union territory.
The status of the PM-KISAN application can be checked online on the official website of the scheme using various details such as Aadhaar number, bank account details, or mobile number. Once the application is approved, farmers can receive the financial assistance directly in their bank accounts.
The PM-KISAN scheme has proved to be beneficial for the farmers, especially during the COVID-19 pandemic when they are facing financial difficulties due to the loss of crops or income. The scheme has been successful in achieving its objective of providing financial support to farmers and promoting their economic wellbeing.
The scheme has expanded its beneficiary coverage over time, and as of October 2021, it has covered over 11.26 crore farmers across the country. The government has estimated that the scheme will cost around Rs. 75,000 crore annually, which will be provided through the budgetary allocation.
In conclusion, the PM-KISAN scheme has received a phenomenal response from the farming community across India, and its implementation has helped improve the livelihood of farmers. Its success can be attributed to its simplicity, transparency, and the timely transfer of funds directly to the bank accounts of the beneficiaries.