Pradhanmantri Kisan Samman Nidhi Yojana or PM-KISAN is an agricultural welfare scheme launched by the Government of India in 2019. The objective of the scheme is to provide financial assistance to farmers across the country to support their agricultural activities and enhance their income.
Under the PM-KISAN scheme, eligible farmers will receive an income support of Rs. 6,000 per year in three equal installments of Rs. 2,000 each. The scheme is targeted to benefit over 12 crore small and marginal farmers across the country.
To be eligible for the PM-KISAN scheme, the farmer should be a resident of India and must own cultivable land up to two hectares. The scheme is applicable to all farmers, regardless of their gender, caste, or religion.
The compensation amount under the PM-KISAN scheme is directly transferred to the beneficiary’s bank account, thus ensuring transparency and accountability. The scheme has also been linked with Aadhaar and bank accounts, to prevent any fraudulent means of availing the benefits.
The PM-KISAN scheme has become a lifeline for millions of farmers across the country and has provided them with much-needed support during difficult times. It is especially beneficial for small and marginal farmers who are often left out of the formal banking system and face difficulties in accessing credit facilities.
The scheme has also been extended to cover all eligible farmers who were excluded from previous schemes as they did not have the requisite land documents. The government has also launched an online portal for farmers to register for the scheme and check their payment status.
Overall, the PM-KISAN scheme has been a game-changer for Indian farmers, providing them with much-needed financial support and boosting their confidence for the future. The scheme has also been praised for its simplicity, transparency and for being a step towards fulfilling the government’s promise of doubling farmers’ income by 2022.