The Prime Minister Kisan Samman Nidhi Yojana is a government scheme that was launched in 2019 to improve the economic conditions of farmers in India. The scheme is designed to provide financial aid to farmers across the country, by distributing funds of ₹6,000 per annum in their bank accounts.
Under the PM-Kisan Samman Nidhi, the funds will be given in three installments of ₹2,000 each, and the money will be directly transferred to the farmers’ bank accounts. The amount is intended to cover the cost of inputs for agriculture and allied activities.
The scheme is aimed at reducing the financial burden on farmers, and it will assist them in meeting their expenses for inputs such as seeds, fertilizers, pesticides, and other related activities. This will not only improve their economic conditions, but also help in boosting agricultural productivity and ensure food security in the country.
To be eligible for the scheme, farmers must have a minimum of 0.01 hectares of land in their possession or should be a tenant farmer. The scheme covers all farmers regardless of their income, which is a significant step towards supporting marginalized and underprivileged farmers.
The implementation of the PM-Kisan Samman Nidhi scheme has been broadly successful so far. As of 2021, over 10 crore farmers have received financial assistance through the scheme, and the total amount disbursed amounts to more than ₹1 lakh crore.
In conclusion, the PM-Kisan Samman Nidhi scheme is an outstanding initiative by the Indian government towards uplifting the agriculture sector and improving the financial conditions of farmers in the country. The scheme has played a crucial role in empowering farmers and providing them with the necessary support to sustain their livelihoods. By providing a direct transfer of funds, this scheme has facilitated the accessibility of financial aid to small and marginal farmers. This scheme has been well received by the farming community in India, and it is expected to continue its positive impact in the years to come.