Mantri Kisan Samman Nidhi Yojna is a government scheme that has been launched to provide financial assistance to small and marginal farmers of the country. This scheme was announced in the Union Budget of 2019 and was implemented in the same year. This scheme is also known as PM Kisan Samman Nidhi Yojna or PM-KISAN.
Under this scheme, farmers who have less than two hectares of land will receive direct financial assistance of Rs. 6,000 per year. This assistance is provided in three equal installments of Rs. 2,000 each. The scheme aims to provide timely support to farmers for meeting their agricultural inputs such as seeds, fertilizers, labour, etc.
The benefits of this scheme are not limited to cash transfers. Farmers are also given the opportunity to avail loans at a lower rate of interest, which will help them in investing their money in their farms. The scheme also aims to help farmers fend off any adverse effects of climate change by promoting sustainable agricultural practices. The government has allocated Rs. 75,000 crores for this scheme, ensuring that more than 12 crore farmers in the country will benefit from it.
The PM-KISAN scheme has been designed to increase the income of farmers in the country and to provide an impetus to the agricultural economy. The scheme has proved to be a boon to farmers, who are battling the effects of climate change and other factors that have led to dwindling yields. The scheme has been successful in putting cash directly into the hands of farmers, which has helped them in addressing their immediate needs.
In conclusion, the Mantri Kisan Samman Nidhi Yojna is a revolutionary scheme brought in by the government of India to support the small and marginal farmers. The scheme has brought in tremendous benefits to the farmers and has provided them with an opportunity to enhance their income and invest in their farms. The scheme will go a long way in ensuring that farming remains a sustainable livelihood option in the country. It is important that the government continues to provide support to farmers in the form of schemes such as PM-KISAN.