PM-Kisan Samman Nidhi Yojana is an initiative launched by the Government of India to benefit the small and marginal farmers of the country. This scheme, announced in the Interim Budget of 2019, aims to provide direct financial assistance to the farmers of the country, who are facing severe challenges in terms of income.
Under the PM-Kisan Samman Nidhi Yojana scheme, the government provides Rs 6,000 per year to eligible small and marginal farmers. The assistance is given in three equal instalments of Rs 2,000 each, transferred directly into the bank accounts of the beneficiaries.
To avail the benefits of PM-Kisan Samman Nidhi Yojana, the farmers must fulfil certain eligibility criteria. The farmer must be a citizen of India, holding a valid Aadhaar number. Only small and marginal farmers (those who own up to two hectares of land) are eligible for the scheme. The scheme does not extend to institutional landholders, such as government departments, state or central PSUs, and corporate bodies.
The scheme has some key features that help the farmers receive the financial assistance in a hassle-free manner. One such feature is the use of DBT (Direct Benefit Transfer), where the money is transferred directly into the bank account of the beneficiary, free from middlemen and corruption.
The PM-Kisan Samman Nidhi Yojana scheme is a significant step towards uplifting the financial status of small and marginal farmers. This scheme is expected to benefit about 145 million farmers across the country. The scheme is expected to cost the government approximately INR 87,000 crores each year.
In conclusion, PM-Kisan Samman Nidhi Yojana is a scheme launched by the government to provide direct financial assistance to small and marginal farmers across the country. The scheme is expected to benefit millions of farmers, and the use of DBT ensures that the benefits reach the beneficiaries directly, without any intermediaries. Overall, the scheme is a welcome move towards securing the livelihoods of farmers in the country.