Pradhan Mantri Kisan Samman Nidhi Yojna (PM-KISAN) is a government initiated scheme that aims to provide financial assistance to small and marginal farmers in India. The scheme was launched in the year 2019 and is aimed at supporting farmers with a financial assistance of Rs. 6,000 per annum.
Under PM-KISAN, the government provides direct cash transfer to the bank accounts of eligible farmers. The scheme is being implemented by the Ministry of Agriculture and Farmers Welfare and is aimed at helping farmers meet their agricultural expenses, including farming inputs, labour, and other costs.
The scheme provides financial assistance to all small and marginal farming households having cultivable land. The scheme is designed to benefit around 14 crore farmers in India. The scheme is aimed at providing financial assistance to farmers who struggle to meet their farming expenses due to lack of proper resources.
According to the scheme, the total amount of Rs. 6,000 per annum is provided to eligible farmers in three equal instalments, i.e. Rs. 2,000 per instalment. The amount is directly transferred to the bank accounts of the farmers through Direct Benefit Transfer (DBT).
Apart from the financial assistance, the PM-KISAN scheme also offers various other benefits to farmers. These include loan facilities at low interest rates, crop insurance facilities, and other welfare schemes.
To be eligible for the scheme, farmers must have cultivable land. Only small and marginal farmers with cultivable land not exceeding two hectares are eligible for the scheme. Additionally, farmers must have valid documents to verify their land ownership. The scheme excludes large farmers who already have adequate financial resources.
The PM-KISAN scheme has been widely appreciated by farmers across the country for its various benefits. The scheme is helping farmers to meet their farming expenses and reduce their dependency on moneylenders. The scheme also ensures the financial inclusion of farmers and provides them with financial security.
In conclusion, the Pradhan Mantri Kisan Samman Nidhi Yojna (PM-KISAN) is a great initiative by the government to support small and marginal farmers in India. The scheme financially assists farmers, which helps them to meet their farming expenses and lead a better life. The government through PM-KISAN shows their commitment to the development and welfare of the farming community in India.