PM Kisan Samman Nidhi is a government scheme that was launched by the Prime Minister of India, Narendra Modi, in February 2019. The scheme aims to provide financial assistance to small and marginal farmers across the country.
Under the PM Kisan Samman Nidhi scheme, eligible farmers are given an income support of Rs. 6,000 per year in three equal installments of Rs. 2,000 each. This financial assistance is directly transferred to the bank accounts of the beneficiaries through Direct Benefit Transfer (DBT).
The main objective of the PM Kisan Samman Nidhi scheme is to ensure a minimum income support to farmers so that they can take care of their expenses and invest in their agricultural activities. The scheme not only provides financial assistance to farmers but also helps in enhancing their livelihood and reducing their dependence on moneylenders for credit.
To be eligible for the PM Kisan Samman Nidhi scheme, a farmer must be a resident of India and hold a valid Aadhaar card. Small and marginal farmers with up to 2 hectares of land are eligible to apply for the scheme. The scheme aims to cover around 12 crore farmers in the country.
The PM Kisan Samman Nidhi scheme has been widely appreciated for its direct benefit transfer mechanism and its focus on providing financial assistance to small and marginal farmers. It has helped in improving the lives of farmers by providing them with a regular source of income and ensuring financial stability.
Overall, the PM Kisan Samman Nidhi scheme is a commendable initiative by the government to support the farming community and boost the agricultural sector in India. It is a step towards ensuring the welfare and well-being of farmers and strengthening the agricultural economy of the country.