Kisan Samman Nidhi Yojna (KSNY) is a scheme launched by the Indian government to provide financial assistance to small and marginal farmers across the country. The aim of the scheme is to support these farmers with an income support of Rs. 6000 per year, which is distributed in three installments of Rs. 2000 each.
The Kisan Samman Nidhi scheme was announced during the Union Budget of 2019-20 and was implemented in December of 2019. The scheme is targeted towards farmers who have cultivable landholding of up to 2 hectares. The assistance is provided to farmers in the form of a direct cash transfer to their bank accounts.
Under this scheme, the government has allocated a total of Rs. 75,000 crore for the financial year 2019-20. The funds for this scheme are provided by the central government and are distributed through state governments.
To avail the benefits of KSNY, farmers need to apply through their respective state governments. The application process is quite simple, and farmers can apply both online and offline. Once the application is processed and verified, the funds are directly transferred to the farmer’s bank account.
The Kisan Samman Nidhi scheme is expected to benefit more than 12 crore small and marginal farmers across the country. The scheme is a step towards addressing the issues of rural poverty and promoting sustainable agriculture practices.
Apart from the income support, the Kisan Samman Nidhi scheme also aims to promote farmer welfare by providing them with access to modern farming techniques and technologies. The government is also working towards developing infrastructure facilities such as irrigation and storage facilities to support farmers.
In conclusion, the Kisan Samman Nidhi scheme is a crucial initiative by the Indian government towards supporting small and marginal farmers. The scheme aims to provide financial assistance to farmers to support their families and increase their productivity. The government is also working towards improving infrastructure facilities and promoting sustainable agriculture practices to empower farmers.