Certainly, I can provide information about Pradhan Mantri Kisan Samman Nidhi Yojana.
The Pradhan Mantri Kisan Samman Nidhi Yojana (PM-KISAN) is a government scheme launched in 2019 to provide financial assistance to small and marginal farmers in India. The aim of the scheme is to ensure the financial stability of farmers and to encourage them to invest in their agriculture and farming activities.
Under the PM-KISAN scheme, eligible farmers receive direct cash transfers of INR 6,000 per year. The amount is provided in three equal instalments of INR 2,000 each, paid directly into the farmers’ bank accounts. The scheme covers all 28.5 crore farmers in India, irrespective of their land-holding size.
To be eligible for the PM-KISAN scheme, farmers must be Indian citizens and must own cultivable land. The scheme aims to benefit farmers who have less than 2 hectares of land. Farmers with larger land holdings are not eligible for the scheme.
The government of India has allocated an annual budget of INR 75,000 crore for the PM-KISAN scheme. The scheme is expected to provide financial assistance to farmers of INR 1.5 lakh crore over a period of three years.
To ensure accurate and efficient implementation of the scheme, the government has established a unique identification system for farmers called the PM-KISAN ID. The government also maintains an online portal, where farmers can register for the scheme and check the status of their payments.
In addition to the financial assistance, the PM-KISAN scheme also provides a sense of financial security to farmers. They can invest in their agriculture and farming activities without worrying about financial constraints. This, in turn, can help to improve the agricultural productivity of the country and contribute to the goal of doubling farmers’ income by 2022.
To sum up, the Pradhan Mantri Kisan Samman Nidhi Yojana is a government initiative aimed at providing financial assistance to small and marginal farmers in India to ensure their financial stability and encourage investment in farming activities. The scheme covers all eligible farmers in the country and provides direct cash transfers of INR 6,000 per year. With this scheme, the government intends to bring about significant changes in the agriculture sector and help to double farmers’ income by 2022.