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PM-Kisan Samman Nidhi Yojana, also known as PM-Kisan Yojana, is a government initiative launched by Prime Minister Narendra Modi in December 2018 to provide financial support to small and marginal farmers across the country. The scheme aims to ensure a minimum fixed income to these farmers to help them meet their agricultural expenses and improve their standard of living.
Under the PM-Kisan Samman Nidhi Yojana, eligible farmers receive a direct income support of Rs. 6,000 per year in three equal installments of Rs. 2,000 each. The amount is transferred directly to the bank accounts of the beneficiaries through Direct Benefit Transfer (DBT) mode. The scheme covers around 14 crore farmers in the country and is implemented by the Department of Agriculture, Cooperation & Farmers Welfare under the Ministry of Agriculture & Farmers Welfare.
To be eligible for the PM-Kisan Samman Nidhi Yojana, farmers must fulfill certain criteria such as owning up to 2 hectares of cultivable land, having a valid Aadhaar card, and having a functional bank account. The scheme excludes institutional landholders, income tax payers, and retired pensioners. The government has also introduced a self-registration portal where farmers can apply for the scheme online and check their application status.
The PM-Kisan Samman Nidhi Yojana has been lauded for its efforts to provide much-needed financial assistance to farmers in the country, especially during times of distress such as natural calamities or crop failure. The scheme has not only helped in providing a stable income to farmers but has also encouraged them to invest in better agricultural practices, tools, and technologies to enhance their productivity.
Overall, the PM-Kisan Samman Nidhi Yojana has been instrumental in supporting the agricultural community and promoting sustainable farming practices in India. It is a step towards fulfilling the government’s commitment to doubling farmers’ income and ensuring their economic well-being.