Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) is a government scheme launched by the Indian government to provide financial assistance to farmers across the country. This scheme aims to ensure the economic well-being of farmers and augment their income. Let’s take a closer look at the key features and benefits of the PM-KISAN scheme.
Under PM-KISAN, small and marginal farmers, who own up to 2 hectares (5 acres) of cultivable land, are entitled to receive direct income support of ₹6,000 per year. This amount is disbursed in three equal installments of ₹2,000 each, directly into the beneficiaries’ bank accounts. The scheme was officially inaugurated on February 24, 2019, by the Prime Minister of India, Narendra Modi.
The selection process for identifying eligible farmers under PM-KISAN is primarily based on land ownership records. The scheme utilizes the digitized land record database of various states and union territories to identify the beneficiaries. All eligible farmers are required to register themselves with their respective state departments of agriculture, or the designated nodal agencies, to avail the benefits of the PM-KISAN scheme.
The financial assistance provided through PM-KISAN aims to address the challenges farmers face, such as unpredictable weather conditions, increasing input costs, and market volatility. This direct income support fosters sustainable agricultural practices and helps farmers invest in modern tools, technologies, and improved farming techniques.
The scheme prioritizes transparency and accountability by utilizing technological advancements. The entire process, including application, verification, and fund transfer, is facilitated through an online portal. Farmers can register themselves, access their application status, and receive regular updates through the PM-KISAN portal.
The PM-KISAN scheme is not limited to any particular crop or region, ensuring that all eligible farmers across India can benefit from this initiative. By providing timely and adequate support, the government aims to reduce the financial burden on farmers and secure their livelihoods.
Since its launch, the PM-KISAN scheme has witnessed immense success. Millions of farmers have already received the financial assistance, enabling them to enhance productivity, diversify their agricultural activities, and improve the overall agricultural ecosystem.
Furthermore, in addition to the income support, the government has also taken various steps to support farmers, like improving irrigation facilities, providing subsidized loans, promoting crop insurance, and implementing various other agricultural reforms. These measures complement the PM-KISAN scheme, creating a favorable environment for farmers to prosper.
In conclusion, Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) is a significant government scheme aimed at uplifting the agricultural sector in India. By providing direct income support to farmers, the scheme aims to combat financial insecurities and promote sustainable farming practices. The PM-KISAN scheme, along with other supportive measures, endeavors to empower farmers and ensure their economic well-being, thereby contributing to the growth and transformation of the agricultural landscape in India.