Mukhiya Mantri Kisan Samman Nidhi Yojna is a financial assistance scheme launched by the government of India with the aim of providing support to small and marginal farmers. The scheme was announced in the Union Budget of 2019 and is aimed at benefiting farmers who own less than 2 hectares of land.
Under the Mukhiya Mantri Kisan Samman Nidhi Yojna, eligible farmers receive a direct cash transfer of Rs. 6,000 per year in three installments of Rs. 2,000 each. The funds are transferred directly into the bank accounts of the beneficiaries through the Direct Benefit Transfer (DBT) scheme, ensuring transparency and preventing leakages in the system.
The scheme is designed to provide financial assistance to farmers to help them meet their agricultural expenses and improve their overall income. The government aims to reach out to over 12 crore small and marginal farmers across the country through this scheme.
To be eligible for the Mukhiya Mantri Kisan Samman Nidhi Yojna, farmers must be Indian citizens and possess less than 2 hectares of cultivable land. The scheme is not applicable to farmers who are employed in the government or private sector, as well as those who pay income tax.
The implementation of the Mukhiya Mantri Kisan Samman Nidhi Yojna has brought relief to many small and marginal farmers who struggle to make ends meet due to various factors such as lack of access to credit, inefficient farming practices, and adverse weather conditions. The scheme has also helped in reducing the dependence of farmers on informal sources of credit and has improved their financial stability.
Overall, the Mukhiya Mantri Kisan Samman Nidhi Yojna has been lauded as a step in the right direction towards providing comprehensive support to farmers and improving their livelihoods. The scheme has the potential to uplift millions of small and marginal farmers across the country and contribute towards achieving the government’s vision of doubling farmers’ income by 2022.