The Kisan Samman Nidhi Scheme, also known as the PM Kisan Scheme, is a government initiative aimed at providing financial assistance to small and marginal farmers in India. The scheme was launched in December 2018 and is part of the government’s efforts to support farmers and increase their income.
Under the Kisan Samman Nidhi Scheme, eligible farmers receive a direct income support of Rs. 6,000 per year in three equal installments of Rs. 2,000 each. The funds are transferred directly into the bank accounts of the beneficiaries through the Direct Benefit Transfer (DBT) mode. The scheme is aimed at benefitting around 12 crore farmers across the country.
To be eligible for the Kisan Samman Nidhi Scheme, farmers must meet certain criteria, including owning less than 2 hectares of cultivable land, being a resident of India, and not being a beneficiary of any other government scheme. Farmers can apply for the scheme through their respective state governments or through the official website of the PM Kisan Scheme.
The Kisan Samman Nidhi Scheme has been lauded for its potential to provide much-needed financial support to small and marginal farmers, who often struggle with low incomes and rising input costs. By providing direct income support, the scheme aims to alleviate some of the financial burden faced by farmers and improve their livelihoods.
Overall, the Kisan Samman Nidhi Scheme is a significant step towards ensuring the welfare of farmers and promoting sustainable agriculture in India. With its focus on direct income support and financial assistance, the scheme is expected to benefit millions of farmers across the country and contribute to their economic empowerment.