The Pradhan Mantri Kisan Samman Nidhi Yojana (PM-Kisan) was launched by the Government of India in February 2019 to provide financial assistance to small and marginal farmers. The aim of this scheme is to support the farmers with an income support of Rs.6,000 per year in three equal installments.
Under this scheme, eligible farmers will receive the first installment of Rs.2,000 directly into their bank accounts, followed by subsequent installments every four months. The scheme provides financial assistance to all landholding farmers, irrespective of the size of their landholding. The support is aimed at providing a helping hand to the farmers who are struggling to make ends meet.
The scheme has been designed to help farmers increase their agricultural productivity and improve their livelihoods. To be eligible for the scheme, the farmer must have a valid Aadhaar card and a bank account. The scheme covers all small and marginal farmers who have landholding up to 2 hectares.
The scheme has been implemented by the Government of India with a budget of Rs.75,000 crore for the fiscal year 2019-20. The scheme is expected to benefit around 12 crore farmers across the country.
The PM-Kisan scheme covers all the states and Union Territories of India. The funds are transferred directly to the bank accounts of the farmers who have enrolled in the scheme. The scheme has been a significant success, with a large number of farmers enrolling in it.
Overall, the PM-Kisan scheme has been highly beneficial to small and marginal farmers across the country. It has helped farmers increase their agricultural productivity and improve their livelihoods. The scheme has proven to be a boon for farmers who were struggling to survive due to the current economic crisis and agricultural difficulties.
In conclusion, the Pradhan Mantri Kisan Samman Nidhi Yojana is a game-changer for Indian farmers. It has helped small and marginal farmers improve their income and agricultural productivity. The scheme stands testament to the government’s commitment to the welfare of farmers and their families. The PM-Kisan scheme is a great initiative towards a stronger and more prosperous India.