The Pradhan Mantri Kisan Samman Nidhi Yojana (PM-Kisan) was launched on 1st December 2018 by the Government of India. It is a scheme that aims to provide financial assistance to the farmers of India by crediting their bank accounts with an amount of Rs.6000 annually. This scheme is aimed at providing much-needed financial assistance to the farmers of India who are struggling to make ends meet.
The beneficiary status of the PM-Kisan Samman Nidhi Yojana is decided by the government. It has laid down guidelines that need to be followed to determine whether a farmer is eligible to receive this financial assistance. In order to be eligible for this scheme, the farmer must fulfill the following criteria:
1. The farmer must own less than 2 hectares of cultivable land.
2. The farmer must be a resident of India.
3. The farmer must have a valid Aadhaar card.
Once it is determined that the farmer is eligible for the PM-Kisan Samman Nidhi Yojana, the government will transfer the funds to the bank account of the beneficiary. The government has set up a portal where farmers can check their beneficiary status, and also update their personal and bank account details.
The PM-Kisan Samman Nidhi Yojana is a great initiative taken by the Indian government. It is aimed at providing financial assistance to the farmers who are the backbone of the Indian economy. With this scheme, the government hopes to improve the standard of living of the farmers, and also boost the agricultural sector of the country.
In conclusion, the beneficiary status of the PM-Kisan Samman Nidhi Yojana is decided by the government based on certain criteria. Once it is determined that a farmer is eligible, the funds are transferred directly to their bank account. This scheme is a great initiative that aims to provide financial assistance to the farmers of India and improve their standard of living.