The Pradhan Mantri Kisan Samman Nidhi Yojana, also known as PM Kisan Yojana, is a government scheme aimed at providing financial support to farmers across the country. Under this scheme, eligible farmers receive Rs. 6,000 per year in three equal installments of Rs. 2,000 each.
The latest installment of the PM Kisan Samman Nidhi Scheme was released in August 2021. As part of the scheme, farmers who have successfully completed the application process and met all the eligibility criteria will receive the installment directly in their bank accounts.
The PM Kisan Yojana was launched in December 2018 with the aim of ensuring a minimum income support to farmers and to help them meet their agricultural expenses. The scheme provides financial assistance to small and marginal farmers who own less than 2 hectares of land.
To be eligible for the PM Kisan Samman Nidhi Scheme, farmers must be Indian citizens and have a valid Aadhaar card. They must also have a bank account to receive the installment amount. The scheme excludes farmers who are recipients of pension, income tax payers, and those holding constitutional posts.
The PM Kisan Yojana has been instrumental in providing much-needed financial support to farmers, especially during these challenging times brought on by the COVID-19 pandemic. The scheme has helped alleviate the financial burden on farmers and has enabled them to continue farming activities without worrying about their income.
Overall, the PM Kisan Samman Nidhi Scheme has been a significant step towards improving the lives of farmers in the country. The regular installments provide them with the necessary financial support to sustain their agricultural activities and contribute to the growth of the agricultural sector in India.