The Pradhan Mantri Kisan Samman Nidhi Yojna is a newly launched government scheme in India that aims to provide financial assistance to farmers. This scheme provides farmers with a fixed income of Rs 6,000 per year, paid in three equal instalments of Rs 2,000 each, directly to their bank accounts.
As of 2019, the scheme has already benefited over 8.46 crore farmers across the country. The scheme was initially launched on February 24, 2019, by Prime Minister Narendra Modi, in Gorakhpur, Uttar Pradesh. This scheme covers all farmers regardless of their landholding size and as a result, it is expected to benefit a large number of small and marginal farmers in India.
The objective of this scheme is to provide financial assistance to farmers, especially those who are struggling with economic hardships. The scheme is aimed at providing farmers with a consistent and stable source of income, thereby ensuring that they are able to invest in their farming practices and improve their agricultural yields.
To avail the benefits of this scheme, farmers need to register for the scheme, and their Aadhaar number, bank account and land details need to be verified. Once their details are verified and validated, the farmers will receive the benefits directly in their bank accounts, without any intermediaries.
In addition to providing financial assistance, this scheme also intends to incorporate modern technology to improve the lives of farmers. This includes the use of digital platforms for registrations and transfers, as well as the promotion of smart agriculture practices and techniques.
The Pradhan Mantri Kisan Samman Nidhi Yojna is a testament to the Indian government’s commitment to ensuring the welfare of its farmers. This scheme is expected to bring about positive change in the lives of millions of farmers in India, especially those who are struggling with economic difficulties. With the successful implementation of this scheme, farming will not just be a subsistence activity, but will become a sustainable and prosperous profession, leading to a brighter future for India’s farming community.