PM Kisan Samman Nidhi Yojana Scheme Information
The PM Kisan Samman Nidhi Yojana is a government scheme aimed at providing financial assistance to small and marginal farmers across the country. Launched by the Prime Minister of India, Narendra Modi, in December 2018, the scheme aims to ease the financial burden on farmers and help them meet their agricultural needs.
Under the PM Kisan Samman Nidhi Yojana, eligible farmers receive a direct income support of Rs. 6,000 per year in three equal installments. The amount is transferred directly to the bank accounts of the beneficiaries through Direct Benefit Transfer (DBT) mode. The scheme is implemented by the Department of Agriculture, Cooperation & Farmers Welfare, Ministry of Agriculture & Farmers Welfare, Government of India.
To be eligible for the scheme, farmers must hold a valid Aadhaar card and possess a cultivated landholding of up to two hectares. The scheme aims to benefit over 12 crore small and marginal farmers across the country.
The PM Kisan Samman Nidhi Yojana has been instrumental in providing timely financial assistance to farmers and supporting them in meeting their agricultural expenses. The scheme has helped farmers purchase seeds, fertilizers, agricultural equipment, and meet other essential farming expenses. It has also helped in improving the overall financial well-being of farmers and reducing their dependency on informal sources of credit.
The PM Kisan Samman Nidhi Yojana has been widely praised for its potential to transform the lives of small and marginal farmers in rural areas. By providing direct income support, the scheme aims to ensure financial security for farmers and improve their livelihoods. The scheme has also received accolades for its transparent and efficient implementation through the DBT mode.
In conclusion, the PM Kisan Samman Nidhi Yojana is a significant initiative by the government to provide financial assistance to small and marginal farmers. The scheme has the potential to bring about positive changes in the lives of farmers and contribute to the growth of the agricultural sector in India.