Pradhan Mantri Kisan Samman Nidhi Yojna (PM-KISAN) is a government initiative aimed at providing financial assistance to all small and marginal farmers in India. The scheme was launched on February 24th, 2019, by Prime Minister Narendra Modi.
Under this scheme, a sum of Rs. 6000 per year is provided to the farmers in three equal installments of Rs. 2000 each. The amount is transferred directly to the bank accounts of the beneficiaries through Direct Benefit Transfer (DBT) mode.
To be eligible for this scheme, the farmer must be a small or marginal farmer who owns no more than 2 hectares of land. The scheme covers almost 14 crore farmers across the country.
The primary objective of this scheme is to provide financial assistance to farmers in order to improve their economic condition and support their livelihood. It also seeks to address the issue of farmer distress, which has been a major concern in India in recent years.
The benefits of this scheme are not limited to just the financial assistance. It also helps in creating awareness and educating farmers about the latest farming techniques to improve their productivity and increase their yield. The scheme has also helped in bringing the focus back on agriculture as a profession – which is essential for the growth of the economy.
Since its launch, the PM-KISAN scheme has been praised by various agricultural organizations and experts for its efficiency and effectiveness. Many farmers have benefitted from the scheme and it has helped in boosting their economic condition.
To conclude, the Pradhan Mantri Kisan Samman Nidhi Yojna is an ambitious initiative by the government aimed at providing financial assistance to the farmers and uplifting their economic condition. The scheme has been successful in its implementation and has helped in addressing the issue of farmer distress in the country. With the scheme’s continued implementation, it is expected that it will help in transforming the agricultural sector and improve the overall condition of farmers in India.