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The Pradhanmantri Kisan Samman Nidhi Yojana is a scheme introduced by the Government of India to support the farmers of the country. Under this scheme, small and marginal farmers are provided with financial assistance of Rs. 6,000 per year in three equal instalments. The scheme aims to provide income support to farmers and help them meet their financial needs.
The Pradhanmantri Kisan Samman Nidhi Yojana was launched in February 2019 and is a part of the government’s efforts to double the income of farmers by 2022. The scheme is expected to benefit over 12 crore small and marginal farmers across the country.
To be eligible for the Pradhanmantri Kisan Samman Nidhi Yojana, farmers must be small or marginal landholders with land holding of up to 2 hectares. The financial assistance provided under the scheme is directly transferred to the bank accounts of the eligible farmers through Direct Benefit Transfer (DBT) mode.
The Pradhanmantri Kisan Samman Nidhi Yojana is a significant step towards ensuring financial stability for farmers and reducing agrarian distress. It provides farmers with a guaranteed source of income, which can help them in meeting their agricultural expenses and improving their livelihoods.
Overall, the Pradhanmantri Kisan Samman Nidhi Yojana is a key initiative by the government to empower farmers and support them in their agricultural activities. By providing financial assistance to small and marginal farmers, the scheme aims to improve their economic well-being and contribute to the overall development of the agricultural sector in India.