The PM-Kisan Samman Nidhi Yojana is a government scheme launched by Indian Prime Minister Narendra Modi in February 2019. This scheme aims to provide financial assistance to farmers by providing them with Rs. 6,000 annually.
Under this scheme, the government will provide assistance to farmers in three installments of Rs. 2,000 each. The money will be directly transferred to the farmer’s bank account. To be eligible for this scheme, the applicant must be a farmer who operates a landholding in his name. The scheme is aimed at small and marginal farmers who have landholding up to 2 hectares.
It is important to note that the scheme is not applicable to any other type of landholder such as institutional landholders or businesses owning agricultural land. The scheme is designed to provide direct financial benefits to farmers to ensure their income security and welfare.
By creating a database of farmer beneficiaries, the government plans to ensure transparency in the process of providing assistance. The PM-Kisan Samman Nidhi Yojana is expected to benefit millions of farmers across the country and provide them with a financial boost that they desperately need.
Overall, the PM-Kisan Samman Nidhi Yojana is a significant step towards empowering India’s farmers and providing them with a viable source of income. It has the potential to boost agricultural productivity and transform the rural economy. With its launch, the government is aiming to address the challenges faced by farmers in the country and provide much-needed support to their livelihoods.