Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) is a government scheme launched in India on 24 February 2019. The scheme was launched by the central government with the aim of providing financial assistance to small and marginal farmers across the country.
Under the scheme, farmers are eligible to receive a cash transfer of ₹6,000 per year in three instalments of ₹2,000 each. The payment is made directly to the bank accounts of the beneficiary farmers. The scheme has no special eligibility criteria and covers all small and marginal farmers who own up to 2 hectares of cultivable land.
The scheme ensures timely assistance to farmers for meeting their agricultural needs, including inputs for farming, purchase of necessary agricultural materials, such as seeds, fertilizer, and pesticides. The scheme provides a much-needed boost to the income of farmers, reducing their dependency on money lenders, and increasing agricultural productivity.
To be eligible for the scheme, one must be a small or marginal farmer who owns cultivable land up to 2 hectares of land. The scheme aims to cover 12 crore beneficiaries who fall under this category.
The payment under PM-KISAN is made directly to the bank account of the beneficiary farmer. Therefore, registered bank accounts in the name of the farmer are mandatory to avail of the benefits under the scheme.
In conclusion, Pradhan Mantri Kisan Samman Nidhi Yojana is a well-thought-out scheme designed by the government of India to benefit small and marginal farmers. The scheme is a step forward in ensuring the financial empowerment of the farmers and reducing their dependency on money lenders. The scheme provides benefits to farmers who own up to 2 hectares of cultivable land, without any special eligibility criteria. Hopefully, with schemes like these, the Indian government can help in increasing the agricultural productivity and improve the living standards of the farmers.