PM-Kisan Samman Nidhi Yojana is an initiative by the Government of India to provide financial assistance to farmers across the country. It was launched in February 2019 and aims to provide a fixed amount of Rs. 6,000 per year to eligible farmers. The amount is paid in three instalments of Rs. 2,000 each directly to the beneficiaries’ bank accounts.
Under this scheme, financial assistance is provided to all small and marginal farmers who own up to two hectares of land. The government has allocated a budget of Rs. 75,000 crore for this scheme, making it the largest financial support scheme for farmers in the country.
To be eligible for PM-Kisan scheme, farmers must have the following criteria:
1. The beneficiaries should be Indian citizens.
2. They should have a valid Aadhaar card, which is mandatory to avail the benefits of this scheme.
3. The farmer should be a cultivator with a two-hectare landholding limit.
4. The scheme is restricted only to farmers who are not serving or retired government employees.
5. The scheme is open for farmers between 18 years of age and 60 years of age.
The application process for the PM-Kisan scheme is straightforward and can be done online. Farmers can apply through their respective state government or the dedicated PM-Kisan portal operated by the government. After the verification of the beneficiary’s credentials, the first instalment of Rs. 2,000 will be credited to their bank account. Subsequently, they will receive the second and third instalments later in the year.
The benefits of PM-Kisan scheme to Indian farmers are significant as it aims to provide a sustainable source of income to agricultural communities. With the financial assistance, farmers can invest in their cultivation, purchase seeds, fertilisers, pesticides, and implements to ensure optimum crop yield.
This scheme has been instrumental in addressing the issues concerning agricultural distress and rural poverty, along with building rural infrastructure. With the Government of India’s support, PM-Kisan scheme has become a boon for India’s agrarian economy and has significantly contributed to building a more robust farming community in the country.