PM Kisan Samman Nidhi Scheme is a government initiative launched by Prime Minister Narendra Modi in December 2018. The scheme aims to provide financial assistance to farmers across the country and ensure a steady income for them.
Under the PM Kisan scheme, eligible farmers receive financial assistance of Rs. 6,000 per year in three equal installments. The amount is directly transferred to the bank accounts of the farmers through Direct Benefit Transfer (DBT). This helps in reducing the role of middlemen and ensures that the benefit reaches the intended beneficiaries without any leakages.
The scheme is open to all small and marginal farmers who own up to 2 hectares of land. The beneficiaries are identified based on the land records available with the government. The scheme has been beneficial in providing financial support to farmers for meeting their agricultural expenses and improving their livelihoods.
One of the key objectives of the PM Kisan Samman Nidhi Scheme is to enhance the income of farmers and provide them with the financial stability to deal with agricultural uncertainties. The scheme also aims to boost agricultural productivity and income levels in rural areas.
The PM Kisan scheme has been successful in reaching out to millions of farmers across the country and providing them with the much-needed financial assistance. The government has also introduced various reforms to improve the implementation and coverage of the scheme.
Overall, the PM Kisan Samman Nidhi Scheme has been a game-changer for the farming community in India. It has provided farmers with a reliable source of income and has contributed to their overall well-being. The scheme is a step towards empowering farmers and ensuring sustainable agricultural growth in the country.