The Prime Minister Kisan Samman Nidhi Yojana (PM-KISAN) is a government scheme that aims to provide financial assistance to farmers in India. Launched in February 2019, the scheme provides an income support of Rs. 6,000 per year to small and marginal farmers.
Under the scheme, eligible farmers receive the assistance in three equal instalments of Rs. 2,000 each, credited directly to their bank accounts. The scheme covers farmers with land holdings of up to two hectares and aims to benefit around 12 crore farmers across the country.
To be eligible for the scheme, farmers must fulfill certain criteria, including being a citizen of India, owning cultivable land, and having a valid bank account. The scheme also has an online registration process, which farmers can use to apply for the assistance.
The PM-KISAN scheme is aimed at providing financial security to farmers and helping them meet their agricultural needs, such as buying seeds, fertilizers, and other inputs. The scheme is also expected to improve the economic status of farmers and reduce their dependence on loans and other forms of credit.
The scheme is implemented by the Ministry of Agriculture and Farmers Welfare and has a budget of Rs. 75,000 crore for the current financial year. Along with the financial assistance, the government is also undertaking other measures to improve the agriculture sector, including the provision of quality seeds, credit support, and better market access.
The PM-KISAN scheme has received widespread support from farmers and agriculture organizations across the country. The scheme has also been recognized internationally, with the United Nations’ Food and Agriculture Organization (FAO) commending India for the initiative.
In conclusion, the PM-KISAN scheme is an important initiative by the government to provide financial assistance to small and marginal farmers in the country. The scheme has the potential to improve the livelihoods of millions of farmers and strengthen the agriculture sector in India.