The Pradhan Mantri Kisan Samman Nidhi (PM Kisan) is a government initiative in India that aims to provide financial support to small and marginalized farmers across the country. Launched in February 2019, the PM Kisan scheme has been hailed as a significant step towards addressing the issue of rural poverty and boosting agricultural productivity.
Under the PM Kisan scheme, eligible farmers receive direct income support of Rs. 6,000 per year in three installments of Rs. 2,000 each. The funds are transferred directly into the bank accounts of the beneficiaries, making the process transparent and efficient. The scheme covers farmers owning up to 2 hectares of land, making it accessible to a large section of the farming community.
One of the key benefits of the PM Kisan scheme is that it provides timely and much-needed financial assistance to farmers, helping them meet their agricultural expenses such as buying seeds, fertilizers, and other inputs. The direct income support also helps in improving the overall income and living standards of the farmers, reducing their dependence on informal sources of credit.
Apart from providing financial assistance, the PM Kisan scheme also aims to promote sustainable agricultural practices and increase the productivity of small and marginalized farmers. By encouraging the adoption of modern farming techniques and technologies, the scheme seeks to enhance the income generation capacity of farmers and make agriculture a more profitable and sustainable livelihood option.
Overall, the PM Kisan scheme has been widely welcomed by farmers across the country for its potential to uplift the agricultural sector and improve the livelihoods of small farmers. By providing direct income support and promoting sustainable agricultural practices, the scheme is playing a crucial role in transforming the rural economy and ensuring the welfare of farmers in India.