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PM Kisan Samman Nidhi Yojana: Everything You Need to Know
The PM Kisan Samman Nidhi Yojana was launched by the Government of India in February 2019 with the objective of providing financial assistance to small and marginal farmers across the country. Through this scheme, the government aims to boost the income of farmers and help reduce the agrarian distress that has plagued the farming community. Here’s everything you need to know about this scheme.
What is PM Kisan Samman Nidhi Yojana?
PM Kisan Samman Nidhi Yojana is a central government scheme that provides financial assistance to small and marginal farmers across the country. Under this scheme, eligible farmers receive Rs. 6,000 per year in three instalments, with each instalment being credited directly to their bank accounts. The first instalment is credited between April and July, the second instalment between August and November, and the third instalment between December and March.
Who is eligible for PM Kisan Samman Nidhi Yojana?
To be eligible for the scheme, a farmer must fulfill the following criteria:
– The farmer must be a citizen of India.
– The farmer’s landholding must be less than 2 hectares.
– The scheme is applicable to farmers who are classified as small and marginal farmers as per the Agriculture Census of 2015-16.
– The scheme is also applicable to farmer families who have any member from the following categories – former or present holders of constitutional posts, former or present ministers of state/union ministers, serving or retired government employees, those who have monthly pension of Rs.10,000 or more, income tax payers or their spouse and children below 18 years of age.
How to apply for PM Kisan Samman Nidhi Yojana?
The application process for the scheme is quite simple. Farmers can apply for the scheme either by visiting their nearest Common Service Centre (CSC) or through the official website of PM Kisan Samman Nidhi Yojana. They will need to provide their Aadhaar number, bank account details and landholding details.
The Benefits of PM Kisan Samman Nidhi Yojana
The benefits of the PM Kisan Samman Nidhi Yojana are numerous. The scheme is helping farmers across the country to improve their financial condition. The direct transfer of money to the farmers’ bank accounts has been especially helpful in reducing corruption in the implementation of the scheme. In addition, this scheme has also helped to bring farmers into the formal banking system.
To sum it up, the PM Kisan Samman Nidhi Yojana is a great initiative by the government of India to support small and marginal farmers across the country. It has brought some relief to the farming community and has helped to boost their income. If you are eligible for the scheme, make sure to apply for it and take advantage of the benefits it provides.