As agriculture and farming are the backbone of the economy of India, the government launched ‘Pradhan Mantri Kisan Samman Nidhi Yojna (PM-Kisan)’ in February 2019 to provide financial aid to the small and marginal farmers of the country. The main aim of this scheme is to provide a stable livelihood for the farmers and to enhance their income.
Under this scheme, an amount of INR 6000 is provided annually to eligible farmers in three equal installments of INR 2000 each. This amount can help the farmers to buy seeds, fertilizers or even to pay off their debts. The fund is transferred to the bank account of the beneficiaries through Direct Benefit Transfer (DBT) mode.
The scheme covers farmers who own cultivable land and cultivates crops or horticultural crops but whose cultivable landholding is smaller or equal to 2 hectares. Tenant farmers, as well as those who farm on leased land, are also covered under the scheme.
The Pradhan Mantri Kisan Samman Nidhi Yojna has been beneficial to many farmers across the country. As of 2021, the scheme has provided financial assistance to more than 11 crore farmers, who have received a total of INR 1,38,000 crore.
To ensure that all the eligible farmers receive the benefit of this scheme, the government has also launched a mobile app called ‘PM Kisan Mobile App’. The app can be used by farmers to check their eligibility, status of installment release, and to update personal and land details. This has made the process much simpler and hassle-free for the farmers.
In conclusion, the Pradhan Mantri Kisan Samman Nidhi Yojna is a vital initiative taken by the government to support the small and marginal farmers of the country. It has provided financial assistance to a significant number of farmers and has helped them cope with financial difficulties. The scheme has been a game-changer in the agricultural sector, and it is expected to bring positive changes to the lives of farmers in the years to come.