Prime Minister Kisan Samman Nidhi Yojna (PM-KISAN) is a welfare scheme that was launched by the Government of India with the aim of providing financial assistance to farmers across the country. The scheme was announced in the interim budget of 2019 and was implemented with effect from December 2018. It aims to provide income support to farmers who are in need of financial assistance to meet their agricultural expenses.
Under the scheme, eligible farmers are provided a financial assistance of Rs. 6000 per year in three equal installments. The assistance is directly credited to the farmers’ bank accounts through direct benefit transfer (DBT). The scheme is applicable to all small and marginal farmers who have cultivable land up to 2 hectares.
The benefits of the scheme are aimed at ensuring that farmers do not have to face any financial difficulties and have access to funds for their agricultural needs. The scheme is a major step towards improving the lives of farmers by providing them with financial security and reducing their dependence on loans and other sources of credit.
The scheme’s implementation is monitored through an online portal that provides real-time data on farmers’ registration and disbursal of funds. The portal also allows farmers to verify their details and correct any errors in their records.
Several states have also launched their own versions of the scheme to provide additional benefits to farmers. The scheme is a major step towards addressing the concerns of farmers who have been facing a lot of hardships due to adverse weather conditions, fluctuating prices and other factors that affect their agricultural income.
Overall, the Prime Minister Kisan Samman Nidhi Yojna scheme is a welcome initiative by the government that provides much-needed support to farmers across the country. It is a significant step towards improving the standard of living of farmers and ensuring better agricultural output by providing them with the much-needed financial support. With more awareness and effective implementation of the scheme, it is expected to benefit a large number of farmers and pave the way for better agricultural practices in the country.