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Information about Pradhan Mantri Kisan Samman Nidhi Yojana

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The Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) is a scheme launched by the Government of India in February 2019. The scheme aims to provide income support to small and marginal farmers in the country. Under the scheme, eligible farmers receive a financial assistance of Rs 6,000 per year, which is paid in three instalments of Rs 2,000 each.

The scheme is open to all farmers in the country, irrespective of their landholding size. However, the benefit is restricted to small and marginal farmers, who are defined as those who own less than 2 hectares of land. The scheme is applicable from the 1st December 2018, which means that only those farmers who have their names in the land records as of this date are eligible for the benefits.

One of the key features of the PM-KISAN scheme is that it is fully funded by the Government of India. There is no requirement for farmers to contribute any amount towards the scheme. The scheme is expected to cost around Rs 75,000 crore per annum once it is fully implemented.

To avail the benefits of the scheme, farmers need to register themselves with the PM-KISAN portal. The registration process is simple and can be done online by farmers. Once registered, farmers can check the status of their application, as well as the payment status of the financial assistance.

The scheme has already benefited millions of farmers in the country. As of June 2021, over 11 crore farmers have received the benefits of the scheme. The government has disbursed around Rs 1.15 lakh crore under the scheme so far.

The PM-KISAN scheme has helped to address the issue of income insecurity among small and marginal farmers in the country. It has provided much-needed financial assistance to farmers, who are often the most vulnerable to economic shocks. The scheme has also helped to promote agricultural productivity and sustainability in the country.

In conclusion, the Pradhan Mantri Kisan Samman Nidhi Yojana is a well-designed scheme that has benefitted farmers all over the country. The scheme has provided much-needed financial assistance to small and marginal farmers, who are often the most vulnerable to economic shocks. With the government’s continued support, the scheme is expected to continue benefitting farmers in the future.

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