Pradhan Mantri Kisan Samman Nidhi Yojana, also known as PM-Kisan, is a government scheme that was launched in February 2019 by Prime Minister Narendra Modi. The main aim of this scheme is to provide financial assistance to small and marginal farmers across the country.
Under the PM-Kisan scheme, eligible farmers receive income support of Rs. 6,000 per year in three equal installments. This financial assistance is provided directly into the bank accounts of the beneficiaries to ensure transparency and reduce leakages in the system. The scheme is entirely funded by the central government, and there is no contribution required from the farmers.
To be eligible for the PM-Kisan scheme, farmers must own less than two hectares of cultivable land. The scheme aims to benefit over 12 crore small and marginal farmers in India. The registration process for the scheme is simple and can be done online through the PM-Kisan portal or at the nearest Common Service Centre (CSC).
The PM-Kisan scheme has been widely praised for its direct benefit transfer model, which ensures that the financial assistance reaches the intended beneficiaries without any middlemen. The scheme provides much-needed financial support to farmers, especially during times of crop failure or distress.
In addition to providing financial assistance, the PM-Kisan scheme also helps in boosting the income of small and marginal farmers, which in turn contributes to the overall growth of the agriculture sector in the country. The scheme has played a crucial role in improving the economic condition of farmers and reducing their dependency on moneylenders.
Overall, the Pradhan Mantri Kisan Samman Nidhi Yojana has been instrumental in providing much-needed financial assistance to small and marginal farmers in India. It not only supports farmers in distress but also encourages them to invest in agriculture and improve their livelihoods. The scheme has been widely successful in reaching its intended beneficiaries and has had a positive impact on the agricultural sector in the country.