As one of the central government’s flagship schemes, Kisan Samman Nidhi Yojna seeks to support farmers all over the country. The scheme was launched in February 2019 as a means to provide financial assistance to farmers directly. It offers crucial support to farmers who are amongst the most affected by poverty in rural India. The scheme was announced as part of the government’s interim budget in 2019.
Under this scheme, the government provides financial assistance of Rs 6,000 per year to small and marginal farmers. The sum is paid in three equal instalments of Rs 2,000 each. The payment is made through direct benefit transfer (DBT) mode, meaning the money is directly credited to the bank account of the farmers.
The eligibility criteria for the Kisan Samman Nidhi Yojna is as follows:
The farmer should have cultivable landholding in his name.
The farmer should belong to one of the following categories:
Small and marginal farmers who have a cultivatable landholding of up to 2 hectares.
Eligible farmers must enrol and fulfil necessary KYC formalities to receive the financial assistance. Forms for enrolment under the scheme are available online or can be obtained from any authorised CSC (common service centre) near the farmer’s village.
The Kisan Samman Nidhi Yojna has been widely praised as an essential tool in providing support to India’s farming community. It is an important step towards reducing farmer distress and increasing their income. It is estimated that around 14 crore farmers will benefit from this scheme.
The Kisan Samman Nidhi Yojna has gone a long way in fulfilling the government’s vision of a prosperous and vibrant India. It has demonstrated the government’s commitment to the rural sector and the growth of the agriculture sector.
In conclusion, the Kisan Samman Nidhi Yojna is an essential scheme that has helped ease the financial burden on small and marginal farmers in India. It serves as a lifeline for farmers who rely on their land and cattle for livelihood. The scheme has been instrumental in uplifting farmers and their families and reducing rural poverty. It is a scheme that is laudable and has the potential to transform the agriculture sector in India.