The Pradhan Mantri Kisan Samman Nidhi Yojna (PM-Kisan) is a welfare scheme launched by the Government of India aimed at providing financial assistance to small and marginal farmers. Under this scheme, eligible farmers receive a direct income support of Rs. 6,000 per year in three equal installments.
The main objective of the PM-Kisan scheme is to ensure a minimum income for farmers and to support them in meeting their agricultural expenses. The financial assistance provided under this scheme is transferred directly to the bank accounts of the beneficiaries through the Direct Benefit Transfer (DBT) mode, thus ensuring transparency and efficiency in the disbursement process.
To be eligible for the PM-Kisan scheme, farmers must fulfill certain criteria such as owning cultivable land, holding a valid Aadhaar card, and being a small or marginal farmer as per the defined criteria. The scheme aims to benefit over 14.5 crore farmers across the country and provide them with much-needed financial assistance to enhance their agricultural productivity.
In addition to the financial assistance, the PM-Kisan scheme also provides farmers with access to various other government schemes and programs that can help them improve their farming practices, increase their income, and enhance their overall livelihoods. The scheme also encourages farmers to adopt sustainable farming practices, diversify their crops, and avail themselves of crop insurance to mitigate risks associated with agricultural activities.
Overall, the PM-Kisan scheme is a significant step towards ensuring the economic well-being of small and marginal farmers in India. By providing them with direct income support, the government aims to alleviate financial distress, reduce indebtedness, and improve the overall socio-economic condition of farmers. It is indeed a much-needed initiative that holds the potential to transform the lives of millions of farmers across the country.