PM-Kisan Samman Nidhi Yojana, a scheme launched by the Indian government, aims to provide financial assistance to farmers in the country. The scheme was announced by the Prime Minister of India, Narendra Modi, in February 2019 and was made effective from December 2018. The main objective of this scheme is to augment the income of farmers and improve their financial position by providing them with adequate monetary assistance.
Under this scheme, small and marginal farmers with landholding of up to 2 hectares are eligible to receive direct cash transfers of Rs. 6,000 annually in their bank accounts. The amount is transferred in three installments of Rs. 2,000 each, directly into the bank accounts of registered farmers. The scheme covers about 14.5 crore farmers across the country and has been implemented in all the states and union territories of India.
To enroll for the scheme, farmers must submit their Aadhaar number, bank account details, and other essential documents to their respective state governments or union territory administrations. The scheme has gained tremendous popularity among farmers as it has brought significant financial relief to their lives.
The PM-Kisan Samman Nidhi Yojana is helping farmers to improve their crop yields by providing them with monetary support to purchase seeds, fertilizers, and other agricultural inputs. The scheme is also aiding in promoting sustainable farming practices, which is beneficial both for the environment and the farmer’s livelihood. By providing financial assistance, the government is committed to improving the living conditions of farmers.
Apart from providing financial aid, the PM-Kisan Samman Nidhi Yojana is also helping farmers through its various initiatives. The scheme has made provisions for setting up farmers’ welfare centers and promoting technological advancements in the field of agriculture. This includes promoting mechanization, improving irrigation facilities, and providing agricultural training to farmers.
In conclusion, the PM-Kisan Samman Nidhi Yojana is an innovative initiative from the government of India to improve the financial condition of farmers. It has helped to bring relief to many farmers, and its success has already been felt across the country. The scheme is promoting sustainable farming practices, and with its provisions for technological advancements and training, it will help make agriculture a viable and profitable profession for farmers in the long run.