Prime Minister Kisan Samman Nidhi Yojana is a welfare program that aims to provide financial assistance to small and marginal farmers in India. It was launched in February 2019 by the Prime Minister of India, Narendra Modi.
Under this scheme, eligible farmers will receive a sum of Rs. 6,000 annually in three installments. The first installment of Rs. 2,000 will be given between April-July, the second installment of Rs. 2,000 between August-November, and the third installment of Rs. 2,000 between December-March.
The main objective of this scheme is to provide income support to farmers and to ensure their income security. It is also aimed at minimizing the financial distress of small and marginal farmers.
To be eligible for this scheme, the applicant should be a small and marginal farmer owning up to 2 hectares of land. The scheme is also open to sharecroppers, tenant farmers, and ineligible farmer families who belong to SC/ST categories.
The Kisan Samman Nidhi Yojana has been praised for its initiative to assist the farmers in need. It aims to reach out to over 12 crore farmers in the country. It has been divided into different stages to avoid any hindrances to the farmers’ income, and the government takes pride in doing so.
In conclusion, the Kisan Samman Nidhi Yojana is an essential step by the Indian Government for the welfare of farmers in India. It is a significant scheme that will encourage farming and boost the agricultural industry. It provides a sustainable source of income to small and marginal farmers while maintaining India’s agricultural production.