Information on Prime Minister Kisan Samman Nidhi Yojana
The Prime Minister Kisan Samman Nidhi Yojana is a scheme launched by the Government of India in 2019. The objective of the scheme is to provide financial assistance to farmers across the country. Under this scheme, eligible farmers receive a financial benefit of ₹6,000 per year, in three instalments of ₹2,000 each. The scheme is applicable to small and marginal farmers who have cultivable land up to 2 hectares.
The financial assistance provided under the scheme is aimed at supplementing the income of farmers and helping them meet their agricultural expenses. The scheme is also expected to provide a boost to the rural economy by supporting small and marginal farmers.
One of the key features of the scheme is that it is being implemented through Direct Benefit Transfer (DBT). This means that the financial assistance is directly transferred into the bank accounts of the eligible farmers. The scheme relies on an extensive network of banking institutions to ensure that the financial benefit reaches the beneficiaries in a timely and efficient manner.
The process of applying for the scheme is relatively simple. The state government identifies and verifies eligible beneficiary farmers using the land records available with them. Once the beneficiaries are identified, their details are uploaded onto the PM-KISAN portal, which is maintained by the Ministry of Agriculture and Farmers Welfare. The scheme also allows farmers to self-register using their Aadhaar number, bank account details, and mobile number.
The scheme has gained considerable popularity among farmers across the country. As of September 2021, over 12 crore farmers have received financial assistance of ₹1.53 lakh crore under the scheme. The government has also announced that it will continue to expand the scope of the scheme to ensure that more farmers can benefit from it.
In conclusion, the Prime Minister Kisan Samman Nidhi Yojana is a significant initiative aimed at supporting small and marginal farmers in India. The scheme provides a much-needed financial boost to farmers and is expected to contribute to the growth of the rural economy. With more farmers benefitting from the scheme every year, the government’s efforts to support the agricultural sector are likely to yield positive outcomes in the long run.