PM-Kisan Samman Nidhi Yojana, also known as the Pradhan Mantri Kisan Samman Nidhi Yojana, is a government initiative aimed at providing financial assistance to small and marginal farmers across India. The scheme was launched by Prime Minister Narendra Modi in December 2018 with the objective of ensuring a minimum income support to farmers.
Under the PM-Kisan Samman Nidhi Yojana, eligible farmers receive an income support of Rs. 6,000 per year in three equal instalments of Rs. 2,000 each. This financial assistance is directly transferred to the bank accounts of the beneficiaries through the Direct Benefit Transfer (DBT) scheme. The scheme benefits over 14 crore farmers across the country, making it one of the largest welfare programs for farmers in India.
To be eligible for the PM-Kisan Samman Nidhi Yojana, farmers must meet certain criteria such as owning less than 2 hectares of cultivable land, being registered as a farmer under the PM-Kisan portal, and having a valid Aadhaar number. The scheme aims to provide financial support to farmers for purchasing seeds, fertilizers, and other inputs for their farming activities.
The PM-Kisan Samman Nidhi Yojana has been widely appreciated by farmers for its direct and timely provision of financial assistance. The scheme has helped in reducing the financial burden on small and marginal farmers, especially during times of agricultural distress.
In conclusion, the PM-Kisan Samman Nidhi Yojana is a significant step towards ensuring the economic welfare of farmers in India. By providing financial assistance directly to the beneficiaries, the scheme aims to improve the livelihoods of farmers and boost agricultural productivity in the country.