PM-Kisan Samman Nidhi Yojana is one of the latest schemes launched by the government of India to support the farmers across the country. It was launched on 1st February 2019 by Prime Minister Narendra Modi. Under this scheme, the government provides financial assistance of Rs. 6,000 per annum to farmers who have landholding of up to 2 hectares.
The main objective of PM-Kisan Samman Nidhi Yojana is to provide direct income support to the farmers in meeting their expenses for farming and agriculture-related activities. The scheme is aimed at increasing the income and financial stability of the farmers in the country. The financial assistance provided under this scheme is given in three equal instalments of Rs. 2,000 each every year.
The eligibility criteria for PM-Kisan Samman Nidhi Yojana is as follows:
1. The farmer should be a citizen of India
2. The farmer should have landholding of up to 2 hectares
3. The farmer should be between 18 to 40 years of age
Under this scheme, the government has set a target of providing benefits to 14 crore farmers across the country. The government has already disbursed the first two instalments of Rs. 2,000 each to the beneficiaries. The third instalments are currently being distributed to the beneficiaries.
The scheme has been a huge success and has benefited millions of farmers across the country. It has helped in increasing the farmers’ income and has also provided financial stability to them. The scheme has also helped in reducing the debt burden of farmers and has improved their standard of living.
In addition to the direct income support, the government has also launched various other schemes for the welfare of farmers such as the Pradhan Mantri Fasal Bima Yojana, Pradhan Mantri Krishi Sinchai Yojana, and Soil Health Card Scheme. All these schemes are aimed at improving the productivity, income and financial stability of the farmers in the country.
In conclusion, PM-Kisan Samman Nidhi Yojana is a great initiative by the government of India, which has helped millions of farmers across the country in meeting their financial needs. The scheme has significantly contributed to the growth of the agriculture sector and has improved the standard of living of the farmers.