The Pradhan Mantri Kisan Samman Nidhi Yojna (PM-Kisan) is a government scheme aimed at providing financial assistance to small and marginal farmers across the country. Launched in February 2019 by the Prime Minister Narendra Modi, the scheme aims to ensure supplemental income to these farmers to help them meet their financial needs.
Under the PM-Kisan scheme, eligible farmers receive a direct income support of Rs. 6,000 per year in three equal installments of Rs. 2,000 each. The funds are directly transferred to the bank accounts of the beneficiaries through Direct Benefit Transfer (DBT) mode. The scheme is a step towards ensuring financial inclusion and empowerment of farmers in India.
To be eligible for the PM-Kisan scheme, farmers must meet certain criteria such as owning cultivable land, having a valid Aadhaar card, and owning a valid bank account. The scheme aims to benefit around 12 crore farmers in the country, thereby providing them with much-needed financial support.
The PM-Kisan scheme has been well-received by farmers across the country, as it provides them with a reliable source of income to meet their agricultural expenses and support their families. The scheme is a part of the government’s efforts to double farmers’ income by 2022 and ensure their overall welfare.
Overall, the Pradhan Mantri Kisan Samman Nidhi Yojna is a crucial initiative by the government to support small and marginal farmers in India and help them improve their livelihoods. It not only provides them with financial assistance but also instills a sense of security and stability in their lives.