As of 2021, the Pradhan Mantri Samman Nidhi Yojna is a government scheme in India that aims to provide financial assistance to farmers. The scheme was first introduced in February 2019 by the Government of India under the leadership of Prime Minister Narendra Modi. The main objective of the scheme is to provide assistance to small and marginal farmers who are unable to earn enough income to support their livelihood.
The Pradhan Mantri Samman Nidhi Yojna offers financial assistance to farmers in the form of a direct cash transfer. This means that farmers receive the financial assistance directly in their bank accounts. The scheme aims to provide an income support of Rs. 6,000 per year to eligible farmers, which is paid in three equal instalments of Rs. 2,000 each.
To be eligible for the scheme, a farmer must have a valid Aadhaar card and a bank account. The scheme is open to small and marginal farmers who own up to 2 hectares of land. The financial assistance is not limited to any specific crop or region, and is available to all farmers.
The process of applying for the scheme is simple and can be done online through the official website of the scheme. Farmers can also apply by visiting the nearest Common Service Centre (CSC) or bank branch.
One of the unique aspects of the scheme is that it is fully funded by the central government, with no contribution required from the state governments. The scheme has been designed to provide a long-term solution to the challenges faced by farmers in India. The direct cash transfer will help farmers to meet their expenses and invest in their farms, thereby improving their income and livelihood opportunities.
The Pradhan Mantri Samman Nidhi Yojna is an important scheme that aims to improve the income and livelihood opportunities of small and marginal farmers in India. With its direct cash transfer system and easy application process, the scheme has the potential to benefit millions of farmers across the country. By providing financial assistance to farmers, the government hopes to reduce poverty in rural areas and promote sustainable agriculture.