Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) is a welfare scheme launched by the government of India in 2019. The scheme’s objective is to provide financial assistance to the farmers in the country. The scheme aims to provide financial assistance of Rs. 6,000 annually to the farmers who own up to two hectares of land.
The scheme was launched in February 2019 with the aim of making agriculture profitable and more sustainable by providing financial support to farmers. The scheme provides direct transfer of money to the bank accounts of eligible farmers. The initiative is expected to benefit around 14 crore farmers and is being implemented through the Department of Agriculture, Cooperation and Farmers Welfare (DACFW).
Under the scheme, farmers are required to apply online or offline for the financial assistance. It is mandatory for farmers to provide details such as their Aadhaar number, bank account details, and landholding details to avail the scheme benefits.
Eligibility criteria for the PM-KISAN scheme are as below:
– The scheme is applicable to all farmers who are landholders and those who do not own any land, but are engaged in farming activities.
– Only farmers with landholding of up to two hectares are eligible for the scheme.
– The scheme is applicable to all the states, including union territories of the country.
The benefits of the PM-KISAN scheme are manifold. Firstly, it aims to reduce the financial burden of small and marginal farmers. Secondly, it encourages farmers to invest in better farming technology and practices. Finally, it helps in creating a sustained demand for the agricultural products.
Despite the scheme being in operation for only a short period of time, the impact has been significant. The scheme has provided direct financial assistance to millions of farmers, which has helped them to manage their financial needs better and improve their livelihoods.
In conclusion, the PM-KISAN scheme is a significant initiative by the government of India to empower farmers and make agriculture more sustainable in the country. The scheme will go a long way in improving the standard of living of farmers and ensuring better agricultural practices for a prosperous and sustainable future.