PM Kisan Samman Nidhi Yojana is a welfare scheme launched by the Government of India in 2019 to financially assist the farmers across the country. The scheme aims to provide a minimum income support of Rs. 6000 per year to farmers who own less than two hectares of land.
The objective of the scheme is to ensure that the farmers can fund their agricultural activities and meet their day-to-day expenses without any financial difficulties. The funds are directly transferred to the bank accounts of the beneficiaries in three instalments of Rs. 2000 each.
Under this scheme, around 14 crore farmers have been covered across the country. The scheme has helped the farmers to tackle the agrarian crisis and cope with the expenses of sowing, harvesting and transporting their crops.
The eligibility criteria for the PM Kisan Samman Nidhi Yojana are as follows:
1. Only small and marginal farmers who own less than two hectares of land are eligible for this scheme.
2. The applicant should be a citizen of India.
3. The beneficiary must be registered under the Socio-Economic Caste Census (SECC) to avail of the scheme.
4. Joint owners of cultivable land are not eligible for this scheme.
5. The beneficiary should have a valid Aadhaar card.
The scheme has helped improve the livelihood of farmers across the country. The funds provided under this scheme have proved to be a significant boost in the rural economy, raising the disposable incomes of the farmers and boosting the demand for goods and services.
In conclusion, PM Kisan Samman Nidhi Yojana is a beneficial scheme launched by the Government of India for the betterment of the farmers. The scheme helps address the financial concerns of the farmers and instills economic stability in the rural areas, giving them the much-needed support to continue their agricultural activities.