The Pradhan Mantri Kisan Samman Nidhi Yojana is a government initiative aimed at providing financial support to small and marginal farmers across India. Under this scheme, eligible farmers are given a fixed income of Rs. 6,000 per year, which is paid in three installments of Rs. 2,000 each. The scheme was launched in December 2018 by the Prime Minister, Narendra Modi.
The main objective of the scheme is to provide financial assistance to farmers to help them meet their farming expenses and improve their overall economic condition. The scheme also aims to ensure a stable income for farmers and protect them from falling into debt.
To be eligible for the scheme, farmers must own less than 2 hectares of land and must be registered as farmers under the scheme. The income support is provided directly into the bank accounts of the beneficiaries, thereby eliminating any middlemen and ensuring that the money reaches the intended recipients.
The Pradhan Mantri Kisan Samman Nidhi Yojana has been lauded for its efforts to provide much-needed financial support to small and marginal farmers. It has helped farmers to cope with the rising costs of farming inputs and ensure a steady income for them throughout the year.
Overall, the scheme has been successful in reaching out to a large number of farmers across the country and has made a significant impact in improving the economic condition of farmers. Through schemes like these, the government is working towards transforming the agricultural sector and ensuring the welfare of farmers in India.