The Pradhan Mantri Kisan Samman Nidhi Yojana is a scheme launched by the Government of India in 2019. The aim of the scheme is to provide financial assistance to small and marginal farmers across the country, helping them to meet their working capital needs for agriculture and allied activities. Under this scheme, the government provides a direct cash transfer of Rs 6,000 per annum to eligible farmers.
Eligibility for the scheme is based on several factors such as the farmer’s landholding, age, gender, and category. The scheme covers all farmers, including rural and urban landholding families who have cultivable land ownership rights. The scheme has excluded families with non-agricultural income, institutional landholders, and those who earn more than Rs 50 lakhs annually.
The scheme is implemented in a three-stage process. In the first stage, the government collects the data of farmers through the Agriculture Department. In the second stage, the data is verified by state governments and then transferred to the central government. In the third stage, the cash transfer is made directly to the farmers’ bank accounts.
The scheme has been received positively by farmers across the country and has helped them to meet their working capital needs during difficult times. The government has also announced new measures to support farmers such as the Kisan Credit Card (KCC) scheme, which provides easy credit to farmers at competitive rates.
However, there have also been some criticisms of the scheme. Some have argued that the scheme does not provide sufficient support to farmers, particularly those in drought-affected areas. There are also concerns over the implementation of the scheme, with some farmers reporting long delays in receiving their payments.
Overall, the PM Kisan Samman Nidhi Yojana has been a positive step towards providing financial assistance to small and marginal farmers. However, there is still much work to be done to address the needs of all farmers in the country. The government should focus on better implementation of the scheme, increasing its coverage to include more farmers, and providing other forms of support to farmers in need.