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PM Kisan Samman Nidhi Yojana,

PM Kisan Samman Nidhi Yojana is a flagship welfare program launched by the Government of India to provide financial support to small and marginal farmers across the country. The scheme was announced in the interim budget of 2019 by the Finance Minister, and since then, it has been implemented with the aim of ensuring a better livelihood for farmers.

Under the PM Kisan scheme, eligible farmers are entitled to receive an annual financial assistance of Rs. 6,000 in three equal installments directly into their bank accounts. The funds are provided to farmers to help them bear the input costs associated with farming and improve their income. The scheme is aimed at reducing the financial burden on farmers by providing them with timely financial assistance.

To be eligible for the scheme, farmers must be small or marginal landholders who own less than 2 hectares of agricultural land. The scheme benefits around 12 crore farmers across the country and is estimated to cost the government around Rs. 75,000 crore annually.

The PM Kisan Samman Nidhi Yojana has been widely praised for its efforts to support farmers and improve their livelihood. The scheme has helped in bringing financial relief to farmers who struggle with low income and rising input costs. The direct transfer of funds to the farmers’ bank accounts has also helped in reducing corruption and ensuring transparency in the distribution of benefits.

Overall, the PM Kisan Samman Nidhi Yojana has been instrumental in providing financial support to small and marginal farmers in India. It is a step in the right direction towards ensuring the welfare of farmers and promoting sustainable agriculture in the country.

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