Title: Installments of Pradhan Mantri Kisan Samman Nidhi Yojana: An Initiative to Empower Farmers
Introduction:
The Pradhan Mantri Kisan Samman Nidhi Yojana (PM-Kisan) is a historic initiative by the Government of India aimed at supporting the farming community. The scheme provides direct income support to farmers by transferring funds directly to their bank accounts. In this article, we will explore the various installments of the PM-Kisan scheme, highlighting its impact on the lives of millions of farmers across the country.
First Installment: Unveiling the Game-Changer
The first installment of the PM-Kisan scheme was launched on February 24, 2019, by Prime Minister Narendra Modi. Under this installment, eligible small and marginal farmers, holding up to 2 hectares of cultivable land, receive an income support of Rs 6,000 per annum in three equal installments of Rs 2,000 each. The first tranche was disbursed to around 3 crore farmers, boosting their financial stability and confidence.
Second Installment: Alleviating Farming Distress
Following the initial success of the scheme, the second installment was released with the aim of further easing the financial burden on farmers. This installment, launched on April 1, 2019, included the transfer of the second tranche of Rs 2,000 to the eligible beneficiaries’ bank accounts. The funds provided timely assistance to farmers during the crucial sowing season, enabling them to invest in agricultural activities and enhance productivity.
Third Installment: Nurturing Agricultural Growth
The third installment of PM-Kisan was announced on August 1, 2019. The beneficiaries of the scheme received the third tranche of Rs 2,000 as a part of the annual financial assistance. This installment came as a relief to farmers, especially during the challenging times brought about by unpredictable weather conditions and other farming-related uncertainties. The income support facilitated them in meeting their expenses and endeavors in the agricultural sector.
Fourth Installment: Sustaining Farming Livelihoods
The fourth installment was launched on December 1, 2019, as an acknowledgement by the government of the importance of continuous support to the farming community. Through this installment, eligible farmers nationwide received the fourth tranche of Rs 2,000, which not only provided them with economic stability but also motivated them to continue their vital work of cultivating essential crops for the nation.
Fifth Installment: Expanding the Reach
The fifth installment, disbursed on April 1, 2020, expanded the reach of PM-Kisan by including more farmers who had become eligible for the scheme since its inception. The instalment allowed for the seamless inclusion of new beneficiaries into the income support program, ensuring that more farmers could reap its benefits and progress towards a better quality of life.
Conclusion:
The installments of the Pradhan Mantri Kisan Samman Nidhi Yojana have been instrumental in fortifying the agricultural sector and uplifting the lives of millions of farmers. By providing direct income support, this transformative scheme has empowered farmers to optimize their productivity, mitigate financial risks, and enhance livelihoods in rural India. With each installment, the government is making strides towards creating a more inclusive and prosperous society where farmers thrive at the heart of the nation’s growth.