Pradhan Mantri Kisan Samman Nidhi Yojana, also known as PM-Kisan, is a government scheme aimed at providing financial assistance to farmers across India. Launched in February 2019 by Prime Minister Narendra Modi, the scheme is one of the largest direct income support initiatives for farmers in the country.
Under the PM-Kisan scheme, eligible farmers receive an income support of Rs. 6,000 per year in three equal installments of Rs. 2,000 each. The scheme is open to all small and marginal farmers who own up to 2 hectares of cultivable land. The financial assistance is directly transferred to the bank accounts of the beneficiaries to ensure transparency and efficiency.
One of the key objectives of the PM-Kisan scheme is to provide income support to farmers to help them meet their financial needs and invest in their agricultural activities. The scheme aims to ensure a steady income for farmers and reduce their dependence on loans and external sources of funding.
In addition to providing financial assistance, the PM-Kisan scheme also aims to empower farmers by promoting sustainable agricultural practices and increasing their access to technology, information, and markets. The scheme is part of the government’s larger efforts to boost the agricultural sector and improve the livelihoods of farmers in India.
Since its launch, the PM-Kisan scheme has benefitted millions of farmers across the country and has been widely appreciated for its impact on rural communities. The direct income support provided by the scheme has helped farmers improve their financial stability and invest in their agricultural activities, ultimately leading to increased productivity and income.
Overall, the Pradhan Mantri Kisan Samman Nidhi Yojana is a crucial government initiative that aims to support and empower farmers in India. By providing financial assistance and promoting sustainable agricultural practices, the scheme plays a vital role in improving the livelihoods of farmers and ensuring food security in the country.