Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) is an ambitious program launched by the Government of India for the welfare of small and marginal farmers in the country. It was launched in 2019 in the interim budget, presented by the Finance Minister, with the objective of supplementing the financial needs of the farmers.
Under this scheme, the government will provide direct income support to the farmers in the country. The scheme provides a financial assistance of Rs 6,000 per year to the farmers in three equal instalments of Rs 2,000 each. The amount will be transferred directly to the bank accounts of the beneficiaries.
To be eligible for the scheme, the farmers must have a maximum of two hectares of cultivable land and should be the owner of the land. The scheme is applicable to all farmers in the country irrespective of their caste, creed, or religion.
The main objective of the PM-KISAN scheme is to provide financial assistance to small and marginal farmers who are unable to invest in agriculture and lack the required resources to meet the input costs of cultivation. The scheme aims to provide timely financial assistance to the farmers so that they can meet their needs in the agriculture sector.
The scheme is expected to benefit around 12 crore farmers in the country and over 8.4 crore farmers have already been enrolled in the scheme. The government has disbursed over Rs 60,000 crores to the farmers under the scheme till now.
The PM-KISAN scheme has been praised by various stakeholders in the agriculture industry. The scheme has brought a significant change in the lives of small and marginal farmers, who were initially struggling to make ends meet. The scheme has also contributed to the growth of the agriculture sector in the country.
In conclusion, the Pradhan Mantri Kisan Samman Nidhi Yojana is a significant step towards the betterment of the agriculture sector in the country. The scheme provides timely assistance to small and marginal farmers, enabling them to invest in agriculture and contribute to the growth of the sector. It is a massive boost for the farming community in the country and will lead to a prosperous and self-reliant rural India.